Consider the Following Hypothesis Problem. ​

question 9

Multiple Choice

Consider the following hypothesis problem. ​
N = 23
S² = 60
H₀: σ² ≤ 66
H_a: σ² > 66
​
If the test is to be performed at the 5% level, the critical value(s) from the chi-square distribution table is(are)

• A) 10.982 and 36.781.
• B) 12.338 and 33.924.
• C) 12.338.
• D) 33.924.

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Definitions:

Purchasing-Power Parity

A theory in economics that suggests that in the absence of transportation and other transaction costs, identical goods will have the same price in different markets when prices are expressed in a common currency.

Appreciate

In economic terms, it refers to the increase in value of an asset over time.

National Saving

The total amount of savings generated within a country, consisting of both private and public savings.

Domestic Investment

The total amount of money that is invested within a country's borders by its residents and businesses.