Hypotheses
in Testing the Hypotheses:
H₀ $\sigma ^ { 2 } = 0.01$

question 6

Short Answer

Hypotheses
In testing the hypotheses:
H₀: $\sigma ^ { 2 } = 0.01$ H₁: $σ^ { 2 } \neq 0.01$ a random sample of 10 observations was drawn from a normal population,and the sample standard deviation was 0.043.
-Compute the value of the test statistic.

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Definitions:

Tax Credit

A tax incentive which allows taxpayers to subtract the amount of the credit from the total they owe to the state.

Loanable Funds

Money available for lending and borrowing, determined by the supply of savings and demand for loans.

Rightward

Used to describe movement towards the right, often in the context of shifts in supply or demand curves in economic graphs.

Tax Rate

The rate at which the government taxes an individual or corporation's income or earnings.