A Consultant Has a Random Sample of 400 Usable Responses $\begin{array}{ll}\text { (1) } \$ 0 \text { to } \$ 24,999 & \text { (2) } \$ 25,000 \text { to } \$ 49,999\end{array}$

question 9

Essay

A consultant has a random sample of 400 usable responses in a database.Included are the following questions:
Household Income Category:
$\begin{array}{ll}\text { (1) } \$ 0 \text { to } \$ 24,999 & \text { (2) } \$ 25,000 \text { to } \$ 49,999\end{array}$
(3) $\$ 50,000$ to $\$ 99,999$
(4) $\$ 100,000$ and over


Average Weekly Soft Drink Consumption:ـ___________________

The consultant wants to determine if there are any statistically significant differences in average weekly soft drink consumption by income category.What statistical test should be applied to give the consultant the information he needs?

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Definitions:

Accounting Cycle

Set of activities involved in converting information and individual transactions into financial statements.

Accountants

Professionals who perform financial functions related to the collection, accuracy, recording, analysis, and presentation of a business, organization, or individual's financial operations.

Cash Flow Method

An accounting technique that tracks the movement of cash in and out of a business, crucial for understanding its liquidity.