A Market Researcher Is Studying the Use of Coupons by Consumers

question 34

Multiple Choice

A market researcher is studying the use of coupons by consumers of varying ages.She classifies consumers into four age categories and counts the number of grocery store customers who use at least one coupon during check out.It is expected that data are uniformly distributed across the four age categories.The observed data results in frequencies of 22, 35, 32, and 21.Using $\alpha$ = .05, the observed chi-square value is _______.

• A)5.418
• B)9.10
• C)20.27
• D)4.51
• E)7.86

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Definitions:

Shareholders' Equity

The residual interest in the assets of an entity that remains after deducting its liabilities, representing ownership value in the company.

Presentation Currency

The currency in which the financial statements of an entity are presented.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in the net income or loss for that period.

Average Rates

A method for determining a consistent rate over a specified period, often used in calculations regarding finance or foreign exchange.