From a Poll of 800 Television Viewers,the Following Data Have $\alpha$

question 13

Essay

From a poll of 800 television viewers,the following data have been accumulated as to their levels of education and their preference of television stations.

Test at $\alpha$ = .05 to determine if the selection of a TV station is dependent upon the level of education.Use the p-value approach.

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Definitions:

Monopolistically Competitive

A business configuration in which various enterprises provide goods that are comparable, though not identical, affording them a measure of market dominance and the capacity to differentiate their products.

Economic Profit

The profit a company makes after deducting both its explicit (direct) and implicit (opportunity) costs; it's a more comprehensive measure than accounting profit.

Allocative Efficiency

The optimal distribution of resources in a market where goods and services are dispensed according to consumer preferences.