A Sample of 41 Observations Yielded a Sample Standard Deviation $\sigma$

question 48

Multiple Choice

A sample of 41 observations yielded a sample standard deviation of 5. If we want to test H₀: $\sigma$ ² = 20, the test statistic is

• A)100
• B)10
• C)51.25
• D)50

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Definitions:

Restrictive Trade Practices

Business practices that restrict trade to the detriment of the consumer or competitors.

Competition Tribunal

A specialized court or tribunal that adjudicates matters pertaining to competition law, including antitrust and monopoly issues.

Competition Act

Legislation designed to promote fair business practices and protect consumers by preventing monopolies and promoting competition.

Bid-rigging

A form of fraud in which competitors agree in advance who will win a bidding process, thus undermining the competition.