In City A,7420 People Are Unemployed in a Random Sample

question 7

Multiple Choice

In City A,7420 people are unemployed in a random sample of 143000 people.In City B,7642 people are unemployed in a random sample of 142000 people.

• A)P-value = 0.0214; If there is no difference in the proportions,there is about a 2.14% chance of seeing the observed difference or larger by natural sampling variation.
• B)P-value = 0.0107; If there is no difference in the proportions,there is about a 1.07% chance of seeing the observed difference or larger by natural sampling variation.
• C)P-value = 0.0214; There is about a 2.14% chance that the two proportions are equal.
• D)P-value = 0.0107; There is about a 1.07% chance that the two proportions are equal.
• E)P-value = 0.9893; If there is no difference in the proportions,there is about a 98.93% chance of seeing the observed difference or larger by natural sampling variation.

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Definitions:

Dividends Per Share

The total dividends declared by a corporation for each outstanding share of common stock, reflecting the distribution of earnings to shareholders.

Market Price

The current price at which an asset or service can be bought or sold on the open market.

Retained Earnings

The cumulative amount of net income kept within a company after dividends are paid, reinvested in the business or used to pay off debt.