Six People Have Declared Their Intentions to Run for a Seat

question 25

Short Answer

Six people have declared their intentions to run for a seat on the school board in the next local election. A poll is conducted during the campaign among 1,020 randomly sampled voters to determine if there is any clear preference among the voters. The responses are shown below. What is the null hypothesis?

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Definitions:

Normal Return

The minimum profit necessary to keep a factor of production in its current use, essentially the opportunity cost of using resources.

Investment

The allocation of resources, such as capital or time, into a venture with the expectation of generating future returns.

Retained Earnings

The portion of net income that is not distributed to shareholders but instead reinvested back into the company.

Tangible Capital

Physical assets owned by a firm that are used in the production process, such as buildings, machinery, and equipment.