A Survey Conducted in a Small Business Yielded the Results

question 57

Multiple Choice

A survey conducted in a small business yielded the results shown in the table. $\begin{array} { l c c } & \text { Men } & \text { Women } \\ \text { Health insurance } & 50 & 20 \\ \text { No health insurance } & 30 & 10 \end{array}$
Test the claim that health care coverage is independent of gender. Use a $0.05$ significance level. What is the value of the test statistic?

• A) \(\chi ^ { 2 } = 0.1637\)
• B) \(\chi ^ { 2 } = 3.841\)
• C) \(\chi ^ { 2 } = 8.263\)
• D) \(\chi ^ { 2 } = 5.821\)

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Definitions:

Consolidating Entries

Journal entries made in the process of combining the financial statements of multiple subsidiaries with those of a parent company.

Original Cost

The acquisition cost of an asset before adjusting for depreciation, amortization, or impairment costs.

Book Value

The net value of a company's assets minus its liabilities, essentially the company's total equity.