​Consider the Following Hypothesis Problem. N = 30

question 8

Multiple Choice

​Consider the following hypothesis problem. n = 30
H₀: σ² = 500
S2 = 625
H_a: σ² ≠ 500
​
At the 5% level of significance, the null hypothesis

• A) ​should be rejected.
• B) ​should not be rejected.
• C) ​should be revised.
• D) should not be tested.

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Definitions:

Inventory Investment

Inventory Investment is the change in the level of inventory stocks held by businesses over a certain period, which can affect overall economic output.

Fluctuates

Refers to the variation in the value or level of a variable over time.

Disposable Income

The amount of money that households have available for spending and saving after income taxes have been accounted for.

Capacity Utilization Rate

The percentage of potential economic output that is actually realized, indicating how fully a country or enterprise is using its productive resources.