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

question 99

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 the Southeast sample, there were 64 owners who rated the climate as "strongly positive"; in the Northeast sample, the number was 56; and in the Southwest sample, 78 owners rated the business climate as "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. In the table of "expected frequencies," what is the expected frequency that should be entered in the "Southeast, strongly positive" cell?

• A)53
• B)66
• C)47
• D)44

---

Definitions:

Accepts Cash

A phrase indicating that a business or entity is willing to receive cash as a form of payment for goods or services.

Permanent Working Capital

The minimum amount of working capital that a company needs to operate continuously.

Long-Term Debt

Borrowings by a company that are due for repayment after one year or more.

Tax Breaks

A reduction in the amount of taxes that an individual or company owes to the government, often used to incentivize certain behaviors or investments.