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

question 47

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 or not there is a significant difference between the proportions of those favoring and not favoring casino gambling in their community. μ in this scenario is ________.

• A)55
• B)80
• C)40
• D)25

---

Definitions:

Accounting Rate of Return

A metric used to measure the profitability of investments, calculated by dividing the average net income by the initial investment cost.

Break-Even Time

Break-even time is the period it takes for a business or project to become financially viable, covering all its costs and starting to generate profit.

Lowest Rank

Refers to the position, level, or grade of an entity or individual that is at the bottom of a hierarchical system.