Tom’s Top End Motors and Fast Eddie’s Quality Cars are two local used car dealers. Tom...

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Tom’s Top End Motors and Fast Eddie’s Quality Cars are two localused car dealers. Tom and Eddie are comparing their sales. The meanmonthly sales are similar, however, Tom Monroe (owner of Tom’s TopEnd Motors) thinks his sales are no moreconsistent than Fast Eddie’s. Below is a listing ofthe number of cars sold for the last eight months for Tom’s Top EndMotors and for the last seven months for Fast Eddie’s QualityCars.
Monthly Sales
Tom’s Top End Motors
88
76
67
57
76
62
77
Fast Eddie’s Quality Cars
92
67
55
87
82
37
44
98
Conduct a hypothesis test (using ? = 0.05) to see if you agreewith Tom’s view that his sales are no moreconsistent.
List all the steps of the hypothesis test and write a note toTom telling him whether you agree with him or not and back up yourconclusion.

Answer & Explanation Solved by verified expert

3.8 Ratings (428 Votes)

Step 1Since here you want to test the claim that Toms view that hissales are more consistent so you need to compare populationvariancesStep2Let showsthe population variance for Toms top end motors and showsthe See Answer

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Monthly Sales
Tom’s Top End Motors	88	76	67	57	76	62	77
Fast Eddie’s Quality Cars	92	67	55	87	82	37	44	98