A Survey Was Recently Conducted in Which Random Samples of Car

question 29

Multiple Choice

A survey was recently conducted in which random samples of car owners of Chrysler, GM, and Ford cars were surveyed to determine their satisfaction. Each owner was asked to rate overall satisfaction on a scale of 1 (poor) to 1000 (excellent) . The following data were recorded: If the analysts are not willing to assume that the population ratings are normally distributed and will use the Kruskal-Wallis test to determine if the three companies have different median ratings, what is the appropriate critical value if the test is to be conducted using an alpha = .05 level?

• A) = 5.05
• B) χ2 = 5.99
• C) χ2 = 24.99
• D) = 3.67

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Definitions:

Inflation Rate

The tempo at which the universal price levels of goods and services advance, impairing the ability to buy.

Finnish Security

A financial investment like stocks, bonds, or other assets originating from Finland or issued by Finnish entities.

Real Rate

The real rate is the rate of interest an investor expects to receive after allowing for inflation, essentially reflecting the real cost of funds to the borrower and the real yield to the lender.

Spot Exchange Rate

The current exchange rate at which a currency can be bought or sold for immediate delivery.