Use the Following to Answer Questions

question 69

Short Answer

Use the following to answer questions :
A random sample of 25 elements selected from a population produced a variance equal to 4.959.The null hypothesis is that the population variance is less than or equal to 3.90 and the alternative hypothesis is that the population variance is greater than 3.90.Assume that the population is normally distributed.The significance level is 1%.
-The value of the chi-square test statistic is,rounded to three decimal places:

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Definitions:

Federal Reserve System

The central banking system of the United States, responsible for the nation's monetary policy and regulation of the banking industry.

Borrow Money

The act of obtaining funds from another party, often a financial institution, under the agreement to pay back the principal amount along with interest or other charges.

Federal Lending Programs

Government-sponsored initiatives designed to provide loans to individuals, businesses, and other entities to promote economic development, support homeownership, or provide relief in financial distress situations.

Commercial Speech

Commercial speech involves any form of communication (e.g., advertising) used by businesses to promote the sale of goods and services, subject to certain regulations to protect consumers.