In Studying the Responses to a Multiple-Choice Test Question, the Following

question 37

Essay

In studying the responses to a multiple-choice test question, the following sample data were_
obtained. At the 0.05 significance level, test the claim that the responses occur with the same
frequency. $$\begin{array} { r | c c c c c } \text { Response } & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } \\\hline \text { Frequency } & 12 & 15 & 16 & 18 & 19\end{array}$$

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Definitions:

Variable Cost

Expenses that change in proportion to the activity of a business.

Mud Statues

Refers specifically to figures crafted from earth materials like clay, often in a cultural or artistic context, but remains unrelated to economic jargon.

Total Cost

The complete expense incurred in the production of goods or services, including both fixed and variable costs.

Loan

Borrowed money that is expected to be paid back with interest.