Recently, Students in a Marketing Research Class Were Interested in the Driving

question 24

Multiple Choice

Recently, students in a marketing research class were interested in the driving behavior of students.
Specifically, the marketing students were interested if exceeding the speed limit was related to
Gender. They collected the following responses from 100 randomly selected students:
Using the output from Megastat for the data given, what can you conclude?

• A) Gender and speeding are correlated.
• B) Gender and speeding are not related, based on the low p-value.
• C) Gender and speeding are related, based on the low p-value.
• D) The mean of gender equals the mean of speeding.
• E) No conclusion is possible.

---

Definitions:

Cash Payback Period

The duration required for an investment to generate cash flows sufficient to recover the initial investment cost.

Useful Life

The estimated duration a fixed asset is expected to be productive for its intended use, impacting depreciation calculations.

Net Cash Flows

The amount of cash that is generated or lost by a business during a given period, taking into account cash inflows and outflows from operating, investing, and financing activities.

Annual Incomes

The total amount of income received annually from all sources before any deductions.