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A Random Sample of 20 Observations Showed a Standard Deviation

question 3

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A random sample of 20 observations showed a standard deviation of 8. At a 5% level of significance, test to see if the variance of the population is significantly less than 65.


Definitions:

Horizontal Structuring

Reflects the way the company subdivides itself.

Chain Of Command

The formal line of authority, communication, and responsibility within an organization.

Licensing

The granting of permission by an authority to an individual or entity to carry out certain activities that would be illegal without said permission.

Sociocultural Factors

The social and cultural influences that impact an individual's behavior, attitudes, and beliefs.

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