The Contingency Table for a Sample of Corporate Executives Classified

question 172

Multiple Choice

The contingency table for a sample of corporate executives classified by educational level and the social activity follows. What does the expected frequency for the "above average" social activity and "high school" education equal?

• A) 9.50
• B) 60.00
• C) 22.50
• D) 28.50

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Definitions:

Price Ceiling

A legal maximum price for a good or service, above which it cannot be sold, typically set by government to protect consumers.

Shortage/Surplus

A state in the market where the demand for goods exceeds the supply, leading to a shortage, or where the supply surpasses demand, resulting in a surplus.

Price Floor

A government- or group-imposed limit on how low a price can be charged for a product, intended to prevent prices from dropping too low.

Shortage/Surplus

A market condition: shortage occurs when demand exceeds supply, and surplus happens when supply exceeds demand.