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The Table Below Gives Beverage Preferences for Random Samples of Teens

question 4

Multiple Choice

The table below gives beverage preferences for random samples of teens and adults.  Teens  Adults  Total  Coffee 50200250 Tea 100150250 Soft Drink 200200400 Other 50501004006001000\begin{array} { l l l l } & \text { Teens } & \text { Adults } & \text { Total } \\\text { Coffee } & 50 & 200 & 250 \\\text { Tea } & 100 & 150 & 250 \\\text { Soft Drink } & 200 & 200 & 400 \\\text { Other } & 50 & 50 & 100 \\& 400 & 600 & 1000\end{array} We are asked to test for independence between age (i.e., adult and teen) and drink preferences.The test statistic for this test of independence is

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Definitions:

Consumed

Consumed refers to the portion of resources, goods, or services that have been used up in the process of generating revenue.

Accounting Period

A specific period of time covered by financial statements, usually encompassing a fiscal quarter or year.

Contra Account

An account used in accounting to record reductions of related accounts, which has a balance opposite to the normal balance of the related account.

Unearned Rental Revenue

Income received from renters but not yet earned because the rental period has not occurred.

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