Compute the Standardized Test Statistic $\chi ^ { 2 }$ To Test the Claim

question 26

Multiple Choice

Compute the standardized test statistic, $\chi ^ { 2 }$ to test the claim $\sigma ^ { 2 } \geq 7.2 \text { if } n = 15 , \mathrm {~s} ^ { 2 } = 6 , \text { and } \alpha = 0.05$

• A) 11.667
• B) 8.713
• C) 12.823
• D) 23.891

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Definitions:

Farm Subsidies

Financial assistance provided by the government to farmers, intended to supplement their income and stabilize food prices.

Agricultural Act of 2014

A United States federal law that established policies for agricultural and food programs, often referred to as the 2014 Farm Bill.

Crop Insurance

A risk management tool that protects agricultural producers against loss of their crops due to natural disasters, such as flood, hail, drought, or loss in revenue due to declines in the prices of agricultural commodities.

Price Support

A government intervention mechanism to maintain the price of a commodity at a certain level by buying excess supply or offering subsidies.