In Order to Plan Transportation and Parking Needs at a Private

question 73

Essay

In order to plan transportation and parking needs at a private high school, administrators asked students how they get to school. Some rode a school bus, some rode in with parents or friends, and others used "personal" transportation - bikes, skateboards, or just walked. The table summarizes the responses from boys and girls.
$\begin{array} { | l | c | c | c | } \hline& \text { Male } & \text { Female } & \text { Total } \\\hline \text { Bus } & 30 & 34 & \mathbf { 6 4 } \\\hline \text { Ride } & 37 & 45 & \mathbf { 8 2 } \\\hline \text { Personal } & 19 & 23 & \mathbf { 4 2 } \\\hline \text { Total } & \mathbf { 8 6 } & \mathbf { 1 0 2 } & \mathbf { 1 8 8 } \\\hline\end{array}$
-Do you think mode of transportation is independent of gender? Give statistical evidence to support your conclusion.

---

Definitions:

Reinvestment Rate Risk

The risk that cash flows from an investment will be reinvested at a lower interest rate than the original investment rate, affecting future returns.

Coupon Bond

A type of bond that pays the holder a fixed interest payment (coupon) at regular intervals until the maturity date, at which point the principal is repaid.

Maturity

The date on which a debt must be paid back in full or the final payment is due.

Price Sensitivity

The degree to which the price of a product or service affects consumers' purchasing decisions.