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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 3 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
A savings and loan averages about $100,000 in deposits per week. However, because of the way pay periods fall, seasonality, and erratic fluctuations in the local economy, deposits are subject to a wide variability. In the past, the variance for weekly deposits has been about $199,996,164. In terms that make more sense to managers, the stan- dard deviation of weekly deposits has been $14,142. Shown here are data from a random sample of 13 weekly deposits for a recent period. Assume weekly deposits are normally distributed. Use these data and a = .10 to test to determine whether the variance for weekly deposits has changed.
Â
|
$93,000 |
$135,000 |
$112,000 |
|
68,000 |
46,000 |
104,000 |
|
128,000 |
143,000 |
131,000 |
|
104,000 |
96,000 |
71,000 |
|
87,000 |
 |
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