Question
Suppose that in a certain year, it was reported that the variance in GMAT scores was 14,640. add a recent summit, a group of economics professor's met to discuss the GMAT performance of undergraduate students majoring in economics. Some expect it to be variability in GMAT scores achieved by the undergraduate economic students to be greater than the variability in GMAT scores of the general population of GMAT takers. However, others took the opposite view. Suppose the following are GMAT scores for 51 randomly selected undergraduate students majoring in economics

765 | 336|777 663 | 451 | 452 1711 | 544 453 | 330 | 718 462 | 587 550 | 576|773 572 | 629 | 591 481 | 574 | 510 | 628 | 532
(a) Compute the mean, variance, and standard deviation of the GMAT scores for the 51 observations. (Round your answers to two
(c) Use a = 0.05 to conduct the hypothesis test formulated in part (b). Find the value of the test statistic. (Round your ans
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Solution:

(a) Compute the mean, variance, and standard deviation of the GMAT scores for the 51 observations. (Round your answers to two

(c) Use a = 0.05 to conduct the hypothesis test formulated in part (b). Find the value of the test statistic. (Round your ans

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