Exhibit 12-1 When Individuals in a Sample of 150 Were Asked Whether

question 22

Multiple Choice

Exhibit 12-1
When individuals in a sample of 150 were asked whether or not they supported capital punishment, the following information was obtained. We are interested in determining whether or not the opinions of the individuals (as to Yes, No, and No Opinion) are uniformly distributed.
-Refer to Exhibit 12-1. The calculated value for the test statistic equals

• A)2
• B)-2
• C)20

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Definitions:

Downward Sloping

Describes a line or curve on a graph that shows a decrease in one variable as another variable increases, commonly seen in demand curves.

Depicts

Represents or shows something in a picture or story form, often used to describe how information is visually presented.

Profits

The financial gains obtained when revenues exceed the costs and expenses incurred to operate a business.

Fixed Cost

A cost that does not depend on the quantity of output produced; the cost of a fixed input.