In the Following Table, Likely Voters' Preferences of Two Candidates

question 55

Multiple Choice

In the following table, likely voters' preferences of two candidates are cross-classified by gender. For the chi-square test of independence, the value of the test statistic is ________.

• A) 2.34
• B) 1.62
• C) 3.25
• D) 4

Understand the types of biases and errors in decision-making and their impact on organizational outcomes.

Identify and explain the usage of different heuristics in organizational decision-making.

Recognize the role of superstition (randomness error) in personal and organizational decisions.

Describe bounded rationality and its implications for decision-making processes.

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Definitions:

Margin of Error

Margin of Error is a statistic expressing the amount of random sampling error in a survey's results, indicating the potential variability in the results.

Confidence Intervals

An interval of values, sourced from statistical analyses of a sample, that is conjectured to include the value of a mysterious population parameter.

Binomial Distribution

A probability distribution that summarizes the likelihood that a value will take one of two independent states under a given number of trials.

Sampling Distribution

Sampling Distribution is the probability distribution of a given statistic based on a random sample, used to make inferences about a population.