Find the Critical Value $$\mathrm { F } _ { 0 }$$

question 67

Multiple Choice

Find the critical value $$\mathrm { F } _ { 0 }$$ to test the claim that $$\sigma _ { 1 } ^ { 2 } = \sigma _ { 2 } ^ { 2 }$$ Two samples are randomly selected from populations that are normal. The sample statistics are given below. Use $$\alpha = 0.02$$ $$\begin{array} { l l } \mathrm { n } _ { 1 } = 13 & \mathrm { n } _ { 2 } = 12 \\\\\mathrm {~s} \frac { 2 } { 1 } = 7.84 & \mathrm {~s} _ { 2 } ^ { 2 } = 6.25\end{array}$$

• A)4.40
• B)2.79
• C)4.25
• D)3.43

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Definitions:

Money Supply Growth Rate

The speed at which available monetary resources in an economy grow over a determined time frame.

Short-run Phillips Curve

A graphical representation indicating an inverse relationship between the rate of inflation and the rate of unemployment in the short term.

Inflation

The measure of how quickly the general price level for products and services grows, resulting in reduced consumer purchasing ability.

Money Supply Growth Rate

The rate at which the amount of money available in an economy grows, influencing inflation and economic activity.