Consider the Following Hypothesis Problem. ​

question 2

Multiple Choice

Consider the following hypothesis problem. ​
N = 23
S² = 60
H₀: σ² ≤ 66
H_a: σ² > 66
​
The p-value is

• A) less than .025.
• B) between .025 and .05.
• C) between .05 and .10.
• D) greater than .10.

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Definitions:

Loss Of Control

The reduction or elimination of an individual's or entity's power to make decisions in a company or over its assets.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Bulk Purchasing

The process of buying goods in large quantities at a discounted rate to save money and increase profit margins.

Franchisors

Companies or individuals that grant the license to third parties to conduct business under their brand and operational model.