Solution-Average amount spent for the trips

Average amount spent for the trips

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In a sample of 41 business trips taken by employees in the HR department, a company finds that the average amount spent for the trips was $1,462 with a standard deviation of $530. In a sample of 101 trips taken by the employees in the sales department is $1,778 with a standard deviation of $661. When testing the hypothesis (at the 10% level of significance) that the variance of the amount spent on trips taken by the sales department is higher than those taken by the HR department what is the critical value? (please round your answer to 2 decimal places)

Reference no: EM131098167

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Average amount spent for the trips

Reference no: EM131098167

Reference no: EM131098167

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