In Its Most Recent Annual Report, the US Chamber of Commerce

question 69

Multiple Choice

In its most recent annual report, the US Chamber of Commerce compared the economic climate for small businesses in three regions of the country by asking a randomly selected sample of 100 small business owners from each region to rate the business climate in their region.In each sample, a majority of business owners rated the business climate "strongly positive." You use an appropriate chi-square table format to test the null hypothesis that the proportion of all small businesses owners who rate the business climate "strongly positive" is the same in all three regions.The significance level of the test is 5%. If the p-value for the sample result turns out to be .021, what should you conclude?

• A)Don't reject the hypothesis that the proportion of all small businesses owners who would rate the business climate "strongly positive" is the same in all three regions
• B)Reject the hypothesis that the proportion of all small businesses owners who would rate the business climate "strongly positive" is the same in all three regions
• C)The samples provide strong evidence that the proportion of all small businesses owners who would rate the business climate "strongly positive" is the same in all three regions.
• D)The samples provide strong evidence that the proportion of all small businesses owners who would rate the business climate "strongly positive" is different in each of the three regions.

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Definitions:

Global Spending Priorities

The allocation and distribution of financial resources across various sectors globally, influenced by economic policies, societal needs, and international agreements.

Collectivism

A value system that emphasizes the importance of the group over individual achievements, promoting shared goals and responsibilities within a community.

Consumerism

The societal tendency to equate personal happiness with the purchase and consumption of material possessions.

Global Inequality

The unequal distribution of resources, opportunities, and wealth among and within countries, contributing to disparities in health, education, and living standards.