A Researcher Conducted a Survey to Determine If Older People $\pm$

question 21

Multiple Choice

A researcher conducted a survey to determine if older people have different feelings about abortion than younger people.He used an alpha level of 0.05 (Z critical = $\pm$ 1.96) to test for significance and found that his computed test statistic was 2.76.He may conclude that

• A)the difference occurred by random chance.
• B)the difference did not occur by random chance.
• C)the samples are not independent.
• D)the alpha level was too low.

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Definitions:

Price-Earnings Ratio

The Price-Earnings Ratio (P/E Ratio) is a financial metric used to evaluate the value of a company's shares, calculated by dividing the current market price of a stock by its earnings per share.

Return On Total Assets

A financial ratio that measures the profitability of a company relative to its total assets.

Year 2

This refers to the second year of a business or financial operation, often used in context to compare data year-over-year.

Earnings Per Share

A company's net profit divided by the number of its outstanding shares, indicating the portion of a company's profit allocated to each share of stock.