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Two real estate companies, Century 21 and RE/MAX, compete with one another in a local market. The ...

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Two real estate companies, Century 21 and RE/MAX, compete with one another in a local market. The ...

Two real estate companies, Century 21 and RE/MAX, compete with one another in a local market. The manager of the Century 21 office would like to test the hypotheses that the standard deviation for the number of days that houses listed with RE/MAX is greater than the standard deviation for homes that listed with Century 21. The following data summarizes the sample statistics for the number of days that houses are on the market for both companies.

Test the hypothesis using α = 0.05

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Business Statistics

Edition: 2^nd

Author: Donnelly

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