Consider the Following Hypotheses: a Sample Variance of 98

question 78

Essay

Consider the following hypotheses: A sample variance of 98 is obtained from a random sample of 10 observations drawn from a normally distributed population.At 1% significance level,conduct a test for the population variance using the p-value approach.

---

Definitions:

Condition Subsequent

A condition subsequent is a condition in a contract that, when met, terminates an existing obligation under the contract, as opposed to initiating it.

Breach Of Contract

The failure to perform any term of a contract, written or oral, without a legitimate legal excuse.

Cause Of Action

A cause of action is a set of facts sufficient to justify a right to sue to obtain money, property, or the enforcement of a right against another party.

Anticipatorily Repudiated

A doctrine in contract law where one party, ahead of time, indicates that they will not fulfill their contract obligations, allowing the other party to treat the contract as breached.