The Table Below Gives Beverage Preferences for Random Samples of Teens

question 9

Multiple Choice

The table below gives beverage preferences for random samples of teens and adults. ​ We are asked to test for independence between age (i.e., adult and teen) and drink preferences.With a .05 level of significance, the critical value for the test is

• A) 5.991.
• B) 7.815.
• C) 14.067.
• D) 15.507.

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Definitions:

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual percentage.

Note Duration

The length of time until a note payable or receivable is due to be paid or received.

Promissory Note

A monetary tool that involves a formal commitment from one entity to give a specific amount of cash to another, either when asked or at an agreed-upon date in the future.

Face Value

The nominal or original value of a security or financial instrument as stated by its issuer, often the amount to be repaid at maturity.