Responses to a Survey Question About Color Preference for a Candy

question 65

Multiple Choice

Responses to a survey question about color preference for a candy are broken down according to gender in the table given below. At the 0.05 significance level, test the claim that candy color preference and gender are independent. $$\begin{array} { l | l l l } & \text { Red } & \text { Blue } & \text { Yellow } \\\hline \text { Male } & 25 & 50 & 15 \\\text { Female } & 20 & 30 & 10\end{array}$$ What is your conclusion about the null hypothesis and about the claim?

• A) Reject the null hypothesis. There is not sufficient evidence to warrant rejection of the claim that candy color preference and gender are independent.
• B) Fail to reject the null hypothesis. There is sufficient evidence to warrant rejection of the claim that candy color preference and gender are independent.
• C) Fail to reject the null hypothesis. There is not sufficient evidence to warrant rejection of the claim that candy color preference and gender are independent.
• D) Reject the null hypothesis. There is sufficient evidence to warrant rejection of the claim that candy color preference and gender are independent.

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Definitions:

Bond Discount

The situation in which a bond is sold for less than its par (face) value, benefiting investors with higher interest rates than current market rates.

Bond Discount

The discrepancy between a bond's nominal value and its market price when the bond is issued at a price below its nominal value.

Liability Valuation

The process of determining the present value of future obligations or debts a company owes.

Bond Indenture Agreement

A legal contract outlining the terms and conditions between a bond issuer and the bondholders, including details of the bond issue and covenants.