Statistics regarding the performance on final calculus exam

Assignment Help Business Economics

Reference no: EM131076324

Assume that we draw two random samples of students from Coles college of Business. One group includes 10 economics majors and another includes 30 finance majors. From these two groups we obtain the following statistics regarding the performance on the final calculus exam: Economics: the average value is 87, the standard deviation is 9; Finance: the average value is 91, the standard deviation is 5. Please conduct a 90% significance test for the equality of the two population variances and state if such a test would reject or not the null hypothesis that the two variances are equal.

Reference no: EM131076324

Questions Cloud

Why the government keeps these import restrictions in place : In 2013, U.S. sugar imports are restricted by way of an import quota. The domestic sugar price is kept above the world market price of sugar by way of a federal domestic price guarantee. IN comparing the cost or benefit of every job saved in the suga..

Range of production characterized by economies of scale : Let a firm's total cost be TC=800+8q+8q^2, its marginal cost is then given by MC=8+16q a) Derive an expression for the firm's average cost function B) Find the range of production characterized by economies of scale c)Do you think that economies of s..

Equilibrium output level and the efficient output level : The government could correct the difference between the equilibrium output level and the efficient output level by

Statistics regarding the performance on final calculus exam : Assume that we draw two random samples of students from Coles college of Business. One group includes 10 economics majors and another includes 30 finance majors. From these two groups we obtain the following statistics regarding the performance on th..

Define geographic and product markets of large healthcare : How would you define the geographic and product markets of large healthcare organizations such as the Mayo Clinic, Cleveland Clinic, Kaiser Permanente, and Johns Hopkins?

Role of velocity during periods of rapid price change : Suppose price levels were falling 10% per day. How would this affect the demand for money? How would it affect velocity? What can you conclude about the role of velocity during periods of rapid price change?

Assessment of the effectiveness of the provision : Your assessment of the effectiveness of the provision in the Dodd Frank Act and any regulatory taken in preventing a future economic crisis action. (If regulations have not been issued, your specific recommendation(s) as to what regulatory action sho..

Imply about counting transfer payments in GDP : Suppose we have an economy of four people. One very rich person makes $100,000 per year, while three (relatively) poor people make $20,000. Suppose the rich person has an MPC of 0.2, and the poor have MPC’s of 0.8. Assess the following statement: If ..

User Account

All Pages