Fifty-Five Voters from a Sample of 80 Indicated That They

question 81

Multiple Choice

Fifty-five voters from a sample of 80 indicated that they favored casino gambling in their city. The city council is interested in finding out whether there is a significant difference between the proportions of those favoring and not favoring casino gambling in their community. The test statistic is ________.

• A)0.50
• B)3.71
• C)80
• D)3.24

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Definitions:

Insignificant Influence

A situation where an investor does not have a significant or controlling impact on the management or decision-making of an investee.

Insignificant Influence

A situation in which an investor does not have the power to govern the financial and operating policies of an investee.

Stock Investment

Purchasing shares of a company's stock to potentially earn dividends or sell at a higher price for profit, considered a form of investing.

Fair Value

An estimated market value of an asset or liability, based on current conditions and willing buyer and seller scenarios.