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

question 10

Multiple Choice

Compute the standardized test statistic, $X ^ { 2 }$ to test the claim $\sigma ^ { 2 } \geq 12.6 \text { if } \mathrm { n } = 15 , \mathrm {~s} ^ { 2 } = 10.5 , \text { and } \alpha = 0.05$

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

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Definitions:

Yankee Bond

A bond issued by a foreign entity in the United States, denominated in U.S. dollars, and subject to American securities laws.

United States

A country located primarily in North America, consisting of 50 states and a federal district.

Bond

A financial tool signifying a loan from an investor to a borrower, usually from a company or government, that generates a consistent revenue.

Relative Purchasing Power Parity

An economic theory that states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.