Use the Following Information to Answer the Question

question 10

Multiple Choice

Use the following information to answer the question. The data in the top row of the table shows the number of vacation days taken by the respondent in the previous 90 days. The respondents also reported their level of happiness; Very H means very happy, and so on.

-We wish to test whether happiness is associated with taking vacation days. Choose the statement that is true about the hypothesis test or choose (d) if all the statements are false.

• A)A hypothesis test cannot be conducted on this data because some of the observed cell counts are zero and there must be at least one observation in each cell.
• B)The chi- square test is not appropriate because some expected cell counts will be less than 5.
• C)The sample size is large so the chi- square test is appropriate.
• D)All of these statements are false.

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Definitions:

Maturity Values

The amount that will be paid to the holder of a financial instrument at the time of its maturity, including principal and any accrued interest.

Market Rate

The prevailing interest rate available in the marketplace for securities or loans.

Long-term Bonds

Bonds issued with a maturity date typically more than ten years in the future, representing a long-term financial obligation.