Suppose a Random Sample of 1,220 U

question 3

Multiple Choice

Suppose a random sample of 1,220 U.S. adults were asked about their opinion regarding federal spending on infrastructure (i.e. roads and bridges) . Respondents were asked whether federal spending on infrastructure was (a) too low, (b) adequate, or (c) too high. Respondents were classified by income level. Choose the correct hypotheses to test whether there is an association between the response to the question and income level.

• A)H0: There is no difference between the proportions of U.S. adults who responded (a), (b)or (c)to the opinion question. H_a: There is a difference between the proportions of U.S. adults who responded (a), (b)or (c)to the opinion question.
• B)H0: Among U.S. adults, opinions about federal spending on infrastructure and income level are independent. H_a: Among U.S. adults, opinions about federal spending on infrastructure and income level are associated.
• C)H0: Among U.S. adults, opinions about federal spending on infrastructure and income level are associated. H_a: Among U.S. adults, opinions about federal spending on infrastructure and income level are independent.
• D)None of these

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Definitions:

Investors

Individuals or entities that allocate capital with the expectation of receiving financial returns, encompassing methods such as buying stocks, bonds, or real estate.

Required Rate

A rephrased definition: The minimum return rate required by investors to consider investing in a particular asset or project.

Coupon Interest Rate

Stated rate of interest on a bond, defined as the coupon payment divided by the par value.

Market Value

Market value is the current price at which an asset or company can be bought or sold in the marketplace, reflecting the value the market places on it.