In a Consumer Survey Designed to Assess the Priorities of Online

question 67

Multiple Choice

In a consumer survey designed to assess the priorities of online shoppers, 2000 online shoppers were randomly selected and asked to identify what is most important to them when buying a product online.Respondents to the survey were classified by online shopping frequency as either "frequent online shoppers" or "occasional online shoppers." Results of the study are used to fill in a table like the one below.Based on the results, you use chi-square analysis to test the null hypothesis that shopper priority is independent of online shopping frequency. Suppose the p-value for the test turns out to be .0347.If the significance level is set at 5%, what should you conclude?

• A)You can't reject the "independence" null hypothesis.
• B)You should reject the "independence" null hypothesis.
• C)Insufficient information is given to determine whether the two factors are related.
• D)Priority and shopping frequency are independent factors.

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Definitions:

Actual Authority

Legally granted power to an agent by the principal, enabling the agent to act on behalf of the principal.

Authorized Purchases

Transactions made by an individual or entity that are permitted within the scope of their authority or within the terms of an agreement.

Dissolution

The process of formally ending or dissolving a company or legal entity, distributing its assets and liabilities.

Partnership at Will

A partnership at will is a business arrangement without a fixed duration, allowing any partner to dissolve the partnership at any time.