SCENARIO 12-12 Parents Complain That Children Read Too Few Storybooks and Watch

question 88

Multiple Choice

SCENARIO 12-12
Parents complain that children read too few storybooks and watch too much television nowadays.A
survey of 1,000 children reveals the following information on average time spent watching TV and
average time spent reading storybooks
-Referring to Scenario 12-12, we want to test whether there is any relationship between average
Time spent watching TV and average time spent reading storybooks.Suppose the value of the
Test statistic was 164 (which is not the correct answer) and the critical value was 19.00 (which is
Not the correct answer) , then we could conclude that

• A) There is a connection between time spent reading storybooks and time spent watching TV.
• B) There is no connection between time spent reading storybooks and time spent watching TV.
• C) More time spent reading storybooks leads to less time spent watching TV.
• D) More time spent watching TV leads to less time spent reading storybooks.

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Definitions:

Market Price

The current price at which a good or service can be bought or sold in a marketplace, determined by the forces of supply and demand.

Economic Profits

Profits calculated by subtracting both explicit (direct payments) and implicit (opportunity) costs from total revenues.

Market Price

The ongoing selling or buying rate for an asset or service in a certain market.

Satisfier Factors

Elements related to the nature of the job itself, such as achievement, recognition, and work itself, that lead to job satisfaction.