Six People Have Declared Their Intentions to Run for a Trustee

question 100

Multiple Choice

Six people have declared their intentions to run for a trustee seat in the next local election. A
Political poll is conducted during the campaign among 1,020 voters to determine if there is any clear
Preference among the voters. The responses are shown below.
If the computed chi-square is 30, what is your decision at the 1% level of significance? What is your
Decision at the 5% level of significance?

• A) Reject H0; preferences among the candidates exist at the 1% level of significance; also reject at the 5% level of significance.
• B) Reject H0 at the 1% level of significance but not at the 5% level of significance.
• C) Reject H0 at the 5% level of significance but not at the 1% level of significance.
• D) Accept Ho at both the 5% and 1% levels of significance; no preferences among the candidates exist.

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Definitions:

Financial Statements

Formal records that outline the financial activities and condition of a business, entity, or individual.

Net Income

The remaining earnings of a business after subtracting all outgoings and tax liabilities from its total earnings.

Balance Sheet

A financial statement that reports a company's assets, liabilities, and equity at a specific point in time, giving insight into its financial position.

Income Statement

A financial statement that reports a company's financial performance over a specific period, including revenues, expenses, and net income.