Table 2. Test of equal variance between discount rates

Discount 0%-10% Discount 10%-20% Discount 0%-20%
Null hypothesis σ20%=σ210% σ210%=σ220% σ20%=σ220%
Test statistic F (df1=11, df2=11) 0.42098 3.1732 1.3359
p-value 0.167>0.05 0.068>0.05 0.639>0.05
Decision σ20%=σ210% σ210%=σ220% σ20%=σ220%