A University Has Six Colleges and Takes a Poll to Gauge

question 91

Multiple Choice

A university has six colleges and takes a poll to gauge student support for a tuition increase. The university wants to ensure each college is represented fairly. The below table shows the observed number of students who participate in the poll from each college and the actual proportion of students in each college. The p-value is ________.

• A) less than 0.01
• B) between 0.01 and 0.05
• C) between 0.05 and 0.10
• D) greater than 0.10

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Definitions:

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents held by an investor or institution.

Standard Deviation

A measure of the dispersion or variability in a set of values, indicating how much the values differ from the mean of the set.

Expected Return

The anticipated return on an investment, taking into account the probabilities of each possible outcome.

Independent

Free from external control and constraint, or in finance, referring to analysis or advice that is unbiased by conflicts of interest.