The Following Scatterplot Shows the Percentage of the Vote a Candidate

question 37

Multiple Choice

The following scatterplot shows the percentage of the vote a candidate received in the 2004 senatorial elections according to the voter's income level based on an exit poll of voters conducted by CNN. The income levels 1-8 correspond to the following income classes: $1 =$ Under $\$ 15,000 ; 2 = \$ 15 - 30,000 ; 3 = \$ 30 - 50,000 ; 4 = \$ 50 - 75,000 ; 5 = \$ 75 - 100,000 ; 6 = \$ 100 - 150,000$ ; $7 = \$ 150 - 200,000 ; 8 = \$ 200,000$ or more.

-Use the election scatterplot to the find the critical values corresponding to a $0.01$ significance level used to test the null hypothesis of $\varrho _ { \mathrm { S } } = 0$ .

• A) \(- 0.881\)
• B) \(- 0.738\) and \(0.738\)
• C) \(0.881\)
• D) \(- 0.881\) and \(0.881\)

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Definitions:

Weighted-Average Method

An inventory costing method that assigns the average cost of goods available for sale during the period to sold and ending inventory.

Process Costing

A costing method used where similar products are produced in a continuous process, allocating costs based on the average cost of production.

Mixing Department

A section within a manufacturing facility where ingredients or components are combined to produce a final product.

Job-Order Costing

Job-order costing tracks production costs individually for each job or project, making it suitable for customized orders or differentiated products.