A Study Investigated the Smoking Status of People in Two

question 19

Multiple Choice

A study investigated the smoking status of people in two age groups.A random sample of 100 people aged 20-24 revealed 24 who are smokers.A random sample of 120 people aged 25-29 revealed 15 who are smokers.

• A)P-value = 0.0132; If there is no difference in the proportions,there is about a 1.32% chance of seeing the observed difference or larger by natural sampling variation.
• B)P-value = 0.0264; If there is no difference in the proportions,there is about a 2.64% chance of seeing the observed difference or larger by natural sampling variation.
• C)P-value = 0.9736; If there is no difference in the proportions,there is about a 97.36% chance of seeing the observed difference or larger by natural sampling variation.
• D)P-value = 0.0264; There is about a 2.64% chance that the two proportions are equal.
• E)P-value = 0.0132; There is about a 1.32% chance that the two proportions are equal.

Distinguish between capital budgeting decisions and financing decisions.

Learn the relationship between NPV, discounted payback period, and project acceptance.

Understand the advantages and disadvantages of the payback method in project analysis.

Acknowledge the impact of technological advancements on the preferred methods for project evaluation.

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Definitions:

Perceived Risk

The level of risk an individual believes is associated with a specific action or decision, affecting their behavior and choices.

Channel Richness

The ability of a communication channel to effectively convey information, including the extent to which it can handle multiple cues and facilitate rapid feedback.

Status Differences

Differences between persons of higher and lower ranks.

Communication Barriers

Any obstacle that prevents clear understanding and exchange of information between individuals or groups.