Six People Have Declared Their Intentions to Run for a Trustee

question 42

Multiple Choice

Six people have declared their intentions to run for a trustee seat in the next local election. A political poll is conducted during the campaign among 1,020 voters to determine if there is any clear preference among the voters. The responses are shown below. If the computed chi-square is 30, what is your decision at the 1% level of significance? What is your decision at the 5% level of significance?

• A) Reject H0; preferences among the candidates exist at the 1% level of significance; also reject at the 5% level of significance.
• B) Reject H0 at the 1% level of significance but not at the 5% level of significance.
• C) Reject H0 at the 5% level of significance but not at the 1% level of significance.
• D) Accept Ho at both the 5% and 1% levels of significance; no preferences among the candidates exist.

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

Cultures

The shared values, norms, behaviors, and practices that characterize groups of people, influencing societal dynamics and individual interactions.

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops.

Concentric Market

A Concentric Market strategy involves targeting new markets with existing products by expanding outward from the core or current market, often leveraging similarities or adjacent customer needs.