Solution) A article in Business Week discusses the salvage value of bankrupt hedge funds compared with the sal
Question: A article in Business Week discusses the salvage value of bankrupt hedge funds compared with the salvage value of bankrupt consumer leaders? Suppose the following data are the value a shareholder can salvage, in cents per invested dollar, for random samples of the two kinds of institutions.
Hedge Funds: 10, 15,10,17,10,11,9,9,12
Consumer Leaders: 25, 15, 15,28,33,10,29,25,18
Which kind of institution, if either, falls harder and leaves its unfortunate in more trouble?
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