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Perform a Test for Independence
-The contingency table below shows the results of a random sample of 200 registered voters that was conducted to see whether their opinions on a bill are related to their party affiliation. Use .
Find the critical value , to test the claim of independence.
Production
The process of creating goods or services by combining labor, materials, and technology.
Fixed Costs
Costs that do not change with the amount of goods or services produced over the short term.
Fixed Assets
Long-term tangible assets held for business use and not expected to be converted into cash in the upcoming fiscal year, such as buildings, machinery, and equipment.
Variable Costs
Costs that vary directly with the level of production or volume of services provided, including materials and labor, contrasting with fixed costs.
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