The Book Industry Study Group, Inc $\chi ^ { 2 } = 114.534 ; P$

question 11

Multiple Choice

The Book Industry Study Group, Inc.performs sample surveys to obtain information on characteristics of book readers.A book reader is defined to be one who read one or more
Books in the six months prior to the survey; a non-book reader is defined to be one who read
Newspapers or magazines but no books in the six months prior to the survey; a nonreader is
Defined to be one who did not read a book, newspaper, or magazine in the six months prior to
The survey.The following data were obtained from a random sample of 1429 persons 16
Years old and over in an effort to determine whether or not the proportions of book readers,
Non-book readers, and non-readers are the same for each income bracket.

$\chi ^ { 2 } = 114.534 ; P$ -value $= 2.287 \times 10 ^ { - 22 }$

• A) There is sufficient evidence to reject the null hypothesis and conclude that income and classification are independent.
• B) There is sufficient evidence to reject the null hypothesis and conclude that income and classification are dependent.
• C) There is sufficient evidence to reject the null hypothesis and conclude that the classifications are not uniformly distributed for each income bracket.
• D) There is not sufficient evidence to reject the null hypothesis and conclude that income and classification are dependent.
• E) There is not sufficient evidence to reject the null hypothesis and conclude that income and classification are independent.

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Definitions:

Missing Funds

A financial discrepancy where funds are unaccounted for due to errors, theft, or fraud.

Petty Cash Fund

A petty cash fund is a small amount of cash kept on hand for making immediate, low-cost expenditures, reducing the need for writing checks or using credit transactions.

Cash Short

A situation where the cash on hand is less than the expected amount or what is recorded in the books, often indicating errors or mismanagement.

Journal Entry

A record in an accounting journal that captures the financial transactions of a business, showing debits and credits for each transaction.