Use the Following Information for Following Questions

question 22

Essay

Use the following information for following questions:. A researcher wonders whether length of
time that it takes to hail a taxi is affected by the gender of the person hailing the taxi. The researcher used
the following study design to collect data: The researcher chose five busy intersections in a large city and
recorded the number of males and females who hailed a taxi. He also records how long it took to get a
taxi to stop. He finds that male customers waited a shorter period of time than females waited for a taxi.
-Restate the conclusion of the study in terms of a cause-and-effect conclusion. Explain why we can or cannot make a cause-and-effect conclusion.

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Definitions:

Inventory Turnover Ratio

A metric that calculates the number of times inventory is sold or consumed in a given time frame, reiterating the effciency of inventory management.

Quick Ratio

Quick ratio, also known as acid-test ratio, is a liquidity metric that indicates a company's ability to cover its short-term liabilities with its most liquid assets, excluding inventory.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.

Return on Assets

A profitability ratio indicating the efficiency with which a company uses its assets to generate net income, calculated by dividing net income by total assets.