Suppose a Random Sample of 1,220 U

question 23

Multiple Choice

Suppose a random sample of 1,220 U.S. adults were asked about their opinion regarding federal spending on public education. Respondents were asked whether federal spending on public education 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 education and income level are associated. H_a: Among U.S. adults, opinions about federal spending on education and income level are independent.
• C)H0: Among U.S. adults, opinions about federal spending on education and income level are independent. H_a: Among U.S. adults, opinions about federal spending on education and income level are associated.
• D)None of these

---

Definitions:

Company Information

Pertains to data and facts about a company, including its operations, financial condition, industry sector, and management strategies.

Current Year

The ongoing calendar year or fiscal year in which a company or individual is reporting or analyzing financial information.

Debt to Equity Ratio

A measure of a company's financial leverage calculated by dividing its total liabilities by its shareholders' equity.

Total Liabilities

The sum of all financial obligations a company owes to outside parties, including both short-term and long-term debts.