Suppose a Study Was Conducted to See Whether There Is

question 34

Multiple Choice

Suppose a study was conducted to see whether there is an association between marital status and vehicle color. The table below shows the results from the study. Assume all conditions for testing have been met. This was an observational study of randomly chosen vehicle owners. Test the hypothesis that marital status and vehicle color are associated, using a significance level of 0.05. Choose the correct decision regarding the null hypothesis and conclusion. Refer to the computer output below.

• A)Reject the null hypothesis; marital status and vehicle color are not associated.
• B)Fail to reject the null hypothesis; marital status and vehicle color are not associated.
• C)Fail to reject the null hypothesis; marital status and vehicle color are associated.
• D)Reject the null hypothesis; marital status and vehicle color are associated.

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Definitions:

Foreign Currency

Currency used in a country other than the home country of the business entity, often involved in international transactions.

Foreign Exchange Gain

A profit resulting from changes in exchange rates when foreign currency holdings are valued at the current exchange rate.

Exchange Rates

The rate at which one currency can be exchanged for another, defining the relative value between two currencies.

Forward Rate

A term used in finance to describe the future exchange rate agreed upon in a forward contract, or the future interest rates as implied by the yield curve.