Monkeys-R-Us claims that the price variance is higher at the dreaded Monkeys Inc. In a random sample to 31 monkeys from each company, the variance at Monkeys Inc was $22,500 but was $15,500 at Monkeys-R-Us. At ? = 10%, does the data support the claim? Conduct all 7 steps of the test

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 15PPS
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Monkeys-R-Us claims that the price variance is higher at the dreaded Monkeys Inc. In a random sample to 31 monkeys from each company, the variance at Monkeys Inc was $22,500 but was $15,500 at Monkeys-R-Us. At ? = 10%, does the data support the claim? Conduct all 7 steps of the test
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