Anita Cruz Recently Assumed Responsibility for a Large Investment Portfolio $\alpha$

question 66

Multiple Choice

Anita Cruz recently assumed responsibility for a large investment portfolio.She wonders whether industry sector influences investment objective.Her staff prepared the following contingency table from a random sample of 200 common stocks:
Using $\alpha$ = .01,the observed chi-square value is ___.

• A)24.93
• B)8.17
• C)32.89
• D)6.59
• E)4.89

---

Definitions:

Elasticity of Demand

A measure of how sensitive the demand for a good or service is to changes in its price.

Quantity Demanded

The complete amount of a product or service that purchasers have the willingness and capacity to obtain at a set price.

Price Inelastic

A situation where the quantity demanded or supplied of a good is not significantly affected by changes in price.

Macadamia Nut

A type of tree nut that is known for its rich, buttery flavor, native to Australia and commercially cultivated in various regions worldwide.