Anita Cruz Recently Assumed Responsibility for a Large Investment Portfolio

question 52

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: Anita's null hypothesis is ___.

• A)"investment objective" is related to "industry sector"
• B)"investment objective" influences "industry sector"
• C)"investment objective" is not independent of "industry sector"
• D)"investment objective" is independent of "industry sector"
• E)"growth" and "income" are independent

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Definitions:

Deposit Method

An accounting practice where revenue from a sale is not recognized until certain conditions are met, typically until all obligations regarding the sale are completed.

Deposit from Purchaser

An amount of money paid by a buyer to a seller to indicate the intention to complete the purchase transaction and secure the item or property being sold.

Balance Sheet

A consolidated financial record that captures the essence of a company's assets, owed sums, and equity of its shareholders at an established point in time.

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting operating expenses, interest, and taxes.