The Table Below Gives Beverage Preferences for Random Samples of Teens

question 58

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:

Totten Trust

A type of revocable trust created by depositing funds into a bank account with a designated beneficiary, often used for avoiding probate upon the depositor's death.

Spendthrift Trust

A trust designed to prevent the beneficiary's creditors from accessing the trust funds, providing financial protection for the beneficiary.

Totten Trust

A Totten Trust is a type of informal trust account created by depositing funds into a bank account with a beneficiary designated to receive the balance upon the depositor's death.

Savings Account Trust

A trust account set up at a bank or financial institution, where money is held under a trust agreement for the benefit of the beneficiaries.