The data accompanying this exercise include monthly rents for a two-bedroom apartment in two campus towns: Ann
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The data accompanying this exercise include monthly rents for a two-bedroom apartment in two campus towns: Ann Arbor, Michigan, and Davis, California. Davis, California is known to have higher rents than Ann Arbor, Michigan; however, it is not clear if it also has higher variability in rents. At a 5% significance level, determine if the variance of rent in Davis, California is more than that of Ann Arbor, Michigan. State your assumptions clearly.
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780078020551
2nd Edition
Authors: Sanjiv Jaggia, Alison Kelly
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