SCENARIO 12-8 a Study Was Conducted to Determine Whether the Use of Use

question 51

Multiple Choice

SCENARIO 12-8
A study was conducted to determine whether the use of seat belts in motor vehicles depends on the educational status of the parents.A sample of 792 children treated for injuries sustained from motor vehicle accidents was obtained,and each child was classified according to (1) parents' educational status (College Degree or Non-College Degree) and (2) seat belt usage (worn or not worn) during the accident.The number of children in each category is given in the table below.

-Referring to Scenario 12-8,at 5% level of significance,the critical value of the test statistic is

• A)3.8415
• B)5.9914
• C)9.4877
• D)13.2767

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Definitions:

Surplus

An excess of supply over demand, resulting in an accumulation of unsold products or unused resources.

Equilibrium Price

The cost at which the amount of a product or service that consumers want to buy matches the amount that producers are willing to sell, resulting in a balanced market situation.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specific period.

Supply Curve

A graphical representation of the relationship between the price of a good or service and the quantity of it that producers are willing and able to supply at that price.