Barron's has collected data on the top 1,000 financial advisers. Company A and Company B have many of their advisers on

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Barron S Has Collected Data On The Top 1 000 Financial Advisers Company A And Company B Have Many Of Their Advisers On 1 (66.09 KiB) Viewed 549 times

Barron's has collected data on the top 1,000 financial advisers. Company A and Company B have many of their advisers on this list. A sample of 16 of the Company A advisers and 10 of the Company B advisers 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 the Company A advisers was 54 = $588 million. The standard deviation of the amount managed by the Company B advisers was s2 = $485 million. Conduct a hypothesis test at a = 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. Ho: 1 2 02 +02 H: : 011 O Hoia H: 0,2 = 0 2 02 2 lo Hoi o 2 sog Ha: 01'>02 Ho: 0 Hatso₂ 2 Find the value of the test statistic. (Round your answer to two decimal places) 11 44 Find the p-value. (Round your answer to four decimal places.) p-value = 0.5928 >