A Local Politician Was Interested in Determining Whether Income Level

question 23

Multiple Choice

A local politician was interested in determining whether income level affects
Opinion regarding the government's bailout bill for easing the 2008 financial crisis on
Wall Street. He surveyed a sample of his constituents and got the following results. The
Calculated value of the Chi Square statistic is $$\begin{array}{l}\text { \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad \quad Opinion }\\\begin{array} { | l | c | c | } \hline { \text { Income Level } } & \text { Favor } & \text { Oppose } \\\hline > \$ 200,000 & 38 & 29 \\\hline \$ 50,000 \text { to } \$ 200,000 & 30 & 42 \\\hline < \$ 50,000 & 32 & 59 \\\hline\end{array}\end{array}$$

• A) 7.433
• B) 29.13
• C) 40.70
• D) 5.999
• E) 2.347

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Definitions:

Insufficient Funds

a situation where an account does not have enough money to cover a transaction, often leading to denied payments or penalties.

Handwritten Terms

Handwritten terms are provisions or conditions manually written in a contract or agreement, which can add specificity or clarity to the document's stipulations.

Undated

A document or item that does not carry a date indicating when it was produced or written.

Fluctuating Price

A price that changes frequently due to market conditions, demand, and supply.