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Students in an Introductory College Economics Class Were Asked How  Degree of Certainty  \text { Degree of Certainty }

question 81

Multiple Choice

Students in an introductory college economics class were asked how many credits they had earned in college, and how certain they were about their choice of major. Their replies are summarized below.                           Degree of Certainty  \text { Degree of Certainty }
 Credits Earned  Very Uncertain  Somewhat Certain  Very Certain Row Tot Under 10 1416646 10 through 591682044 60 or more 2142238 Col Total 423848128\begin{array} { |c | c | c | c | c | } \hline \text { Credits Earned }&{ \text { Very Uncertain } } & \text { Somewhat Certain } & { \text { Very Certain} } & \text { Row Tot } \\\hline \text {Under 10 } & 14 & 16 & 6 &46 \\\hline\text { 10 through 59} & 16& 8 & 20 & 44 \\\hline \text { 60 or more } & 2 & 14 & 22 & 38\\\hline \text { Col Total } & 42 & 38 & 48 & 128\\\hline\end{array} For a chi-square test of independence, degrees of freedom would be:


Definitions:

Risk

Risk refers to the potential for loss or harm when engaging in an activity or making a decision, often quantified in terms of probability and impact.

Land Ownership

The legal right or title to possess and use a specific parcel of land.

Reliable Factual Information

Information that is dependable and based on facts, thereby considered accurate and trustworthy.

Uncertainty

A state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.

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