Home / Expert Answers / Statistics and Probability / data-were-collected-on-the-top-1-000-financial-advisers-company-a-had-239-people-on-the-list-and-pa804

(Solved): Data were collected on the top 1,000 financial advisers. Company A had 239 people on the list and ...



Data were collected on the top 1,000 financial advisers. Company A had 239 people on the list and another company, Company B,

Data were collected on the top 1,000 financial advisers. Company A had 239 people on the list and another company, Company B, had 121 people on the list. A sample of 16 of the advisers from Company A and 10 of the advisers from Company B showed that the advisers managed many very large accounts with a large variance in the total amount of funds managed. The standard deviation of the amount managed by advisers from Company A was s = $581 million. The standard deviation of the amount managed by advisers from Company B was s? = $487 million. Conduct a hypothesis test at = 0.10 to determine if there is a significant difference in the population variances for the amounts managed by the two companies. What is your conclusion about the variability in the amount of funds managed by advisers from the two firms? State the null and alternative hypotheses. No:?² H?: 0?²0?² Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) P-value= State your conclusion. O Do not reject H. We cannot conclude there is a statistically significant difference between the variances for the two companies. O Reject H?, We cannot conclude there is a statistically significant difference between the variances for the two companies. O Reject H. We can conclude there is a statistically significant difference between the variances for the two companies. O Do not reject H. We can conclude there is a statistically significant difference between the variances for the two companies.


We have an Answer from Expert

View Expert Answer

Expert Answer


Given data: s1 = 581 s2 = 487 n1 = 16 n2 = 10 Null and alternative hypothesis
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe