Nike's total revenues (in millions of $) for the Asian and Latin American regions for the years 2005 through 2009 are as follows:

a. Specify the competing hypothesis in order to test whether the variance in revenues is greater in Asia than in Latin America.
b. Calculate the value of the test statistic. Assume that the revenue distributions are normally distributed.
c. Use Excel's F.DIST.RT function to calculate the p-value.
d. At α = 0.01, what is your conclusion?

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2005 2006 2007 2008 2009 1,8972,0542,296 2,888 3,322 Latin America 696 905 967 1,165 1,285 Asia