21 students took a exam. The sample variance is foundto be 80. The examiner claimsthat based on his past experience the true variance has been atleast 100. Does the sample result shows that the population variance significantly less than 100?
[Hint $${x^2} = \frac{{\left( {r - 1} \right)s}}{{{\sigma ^2}}} = \frac{{\left( {21 - 1} \right) \times 80}}{{100}} = 16$$
The value of x2 for 20 df 5% level of significance is 31.4. x2 value is less than table value.]
A. The variability is significant
B. Significant with + 1
C. The variability is not significant
D. All of the above
Answer: Option C
Related Questions on Business Statistics
In statistical analysis, the burden of proof lies traditionally with
A. alternative hypothesis
B. null hypothesis
C. analyst
D. facts
A. Target fixing
B. Markets
C. Business forecasting for products
D. All of the above
A. Statements I and II are true
B. Statement II is true
C. Statements II and III are true
D. Statement III is true
A. Transaction processing
B. Application processing
C. Data processing
D. Information processing

Join The Discussion