Use the Following Information to Answer the Question

question 45

Short Answer

Use the following information to answer the question. The data in the top row of the table shows the number of days for which the respondent participated in an outdoor activity for at least thirty minutes in the previous 60 days. The respondents also reported their level of happiness; Very H means very happy, and so on.

-Suppose you want to test the hypothesis that happiness level is associated with level of daily outdoor activity. Can a chi- square test for independence be used to test the hypothesis? Explain why or why not.

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Definitions:

Dollar Sales

The total revenue a company generates from sales, measured in dollars, over a specific period.

Margin of Safety

The difference between actual or expected sales and the break-even point, indicating the amount by which sales can drop before a company incurs losses.

Break-Even Sales

The amount of revenue required to cover total fixed and variable expenses during a specific period, resulting in no profit or loss.

Current Sales

The total sales revenue that a company generates in the present or most recent accounting period.