Six People Have Declared Their Intentions to Run for a Seat

question 40

Essay

Six people have declared their intentions to run for a seat on the school board in the next local election. A poll is conducted during the campaign among 1,020 randomly sampled voters to determine if there is any clear preference among the voters. The responses are shown next. What is the critical value at the 5% level of significance?

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Definitions:

Hourly Wages

The amount of earnings paid to an employee for each hour worked.

Fringe Benefits

Additional benefits, beyond a salary, offered to employees, such as health insurance, retirement plans, and paid time off.

Minimum Wage

The lowest remuneration that employers can legally pay their workers—the rate may be set by national government or by a state or local government.

Substitution Effect

The change in consumption patterns due to a change in the prices of goods, leading consumers to replace more expensive items with less costly alternatives.