TABLE 12-11 Parents Complain That Children Read Too Few Storybooks-Referring to Table 12-11, We Want to Test Whether There

The Answer of TABLE 12-11 Parents Complain That Children Read Too Few Storybooks-Referring to Table 12-11, We Want to Test Whether There

TABLE 12-11 Parents Complain That Children Read Too Few Storybooks-Referring to Table 12-11, We Want to Test Whether There

The Answer of TABLE 12-11 Parents Complain That Children Read Too Few Storybooks-Referring to Table 12-11, We Want to Test Whether There

Solved

TABLE 12-11
Parents Complain That Children Read Too Few Storybooks

question 200

Multiple Choice

TABLE 12-11
Parents complain that children read too few storybooks and watch too much television nowadays. A survey of 1,000 children reveals the following information on average time spent watching TV and average time spent reading storybooks.
$\begin{array}{l}\text { Average time spent reading story books }\\\begin{array}{|l|l|l|l|}\hline \begin{array}{l}\text { Aver age time spent } \\\text { watching TV }\end{array} & {\begin{array}{l}\text { Less than } \\1 \text { hour }\end{array}} & \begin{array}{l}\text { Between } \\1 \text { and 2 hours }\end{array} & \begin{array}{l}\text { More than } \\2 \text { hours }\end{array} \\\hline \text { Less than 2 hours } & 90 & 85 & 130 \\\hline \text { More than 2 hours } & 655 & 32 & 8 \\\hline\end{array}\end{array}$

-Referring to Table 12-11, we want to test whether there is any relationship between average time spent watching TV and average time spent reading storybooks. Suppose the value of the test statistic was 164 (which is not the correct answer) and the critical value was 19.00 (which is not the correct answer) , then we could conclude that

Definitions:

Aggregate Demand

Cumulative interest in goods and services within an economic structure, evaluated at a particular comprehensive price level over a specific duration.

Short Run

A timeframe in which a company has at least one input that remains constant and is unable to be altered.

Short-Run Equilibrium

A state in economics where demand equals supply, resulting in market stability over a temporary period.

Long-Run Aggregate-Supply Curve

Illustrates the total production of goods and services in an economy at different price levels when input prices fully adjust to changes in the price level.