A Random Sample of 10 Homes Sold During Last Month

question 79

Essay

A random sample of 10 homes sold during last month in the city of Fontana had the following number of bedrooms in each house: 4,2,3,5,4,3,3,4,5,3.At α = 0.01,test the claim that the variance of a normally distributed population is less than 1 using (a)the p-value approach and (b)the critical value approach.

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Definitions:

Hedonistic Calculus

A method proposed by utilitarian philosophers for calculating the moral rightness of an action based on the net pain or pleasure it produces.

Elements

Fundamental components or essential parts that make up a larger system or concept.

Ethical Action

Behavior or conduct that is right, good, and beneficial to both the individual and society, based on ethical principles.

Consequentialism

A moral theory that judges the rightness or wrongness of an action based on the outcomes or consequences it produces.