The Following Scatterplot Shows the Percentage of the Vote a Candidate

question 82

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: Use the election scatterplot to the find the critical values corresponding to a $0.01$ significance level used to test the null hypothesis of $\rho _ { z } = 0$ .

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

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Definitions:

Billion

A numerical value equivalent to 1,000 million, often used to denote a very large quantity or amount in financial and statistical contexts.

Opportunity Costs

The loss of potential gain from other alternatives when one alternative is chosen, representing the benefits one misses out on when making a decision.

Excess Capacity

Excess capacity refers to a situation where a company is operating below its maximum output level, indicating that it can produce more with the current resources if there is higher demand.

Expansionary Fiscal Policy

To fight recessions, the federal government lowers taxes and/or raises spending.