Based on the Following Scenario

question 40

Multiple Choice

based on the following scenario.
In a third world country, 100 randomly selected people were surveyed about their socioeconomic class and religious affiliation. The results and an excerpt from this fictitious study follow:

Excerpt: "Based on a chi-square test for independence, the working class differed from the middle class in the distribution of religious identification, χ² (4, N = 100) = 11.73, p < .05."
-The percentage of the middle class respondents who were Catholic was

• A)7.5/34 = 22.1%.
• B)5/100 = 5.0%.
• C)5/34 = 14.7%.
• D)7.5/100 = 7.5%.

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Definitions:

Financial Statement Data

The quantitative information derived from a company's financial statements, depicting its financial performance, position, and cash flows over a period.

Ratio Analysis

A financial analysis technique that uses ratios derived from financial statements to assess a company's performance and financial health.

Negative Figure

A value less than zero, often indicated in financial statements to represent losses, deficits, or outflows.

Comparative Balance Sheets

Financial statements that provide a side-by-side comparison of a company's financial position at different periods.