A Sample of 60 Items from Population 1 Has a Sample

question 71

Multiple Choice

A sample of 60 items from population 1 has a sample variance of 8 while a sample of 40 items from population 2 has a sample variance of 10. If we test whether the variances of the two populations are equal, the test statistic will have a value of

• A)0.8
• B)1.56
• C)1.5
• D)1.25

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Definitions:

Limited Resources

The scarcity of resources (such as time, money, manpower, and natural resources) that is a fundamental economic problem faced by societies.

Unlimited Wants

Unlimited Wants refer to the concept that human desires and aspirations are endless, influential in driving demand in economics.

Scientific Method

A systematic and empirical approach to research, involving the collection of data, formulation and testing of hypotheses, and the development of theories.

Unbiased Development

The equitable and impartial progress in economic, social, and environmental aspects without favoritism.