A Study of College Football Players' Involvement with Sports Agents

question 17

Multiple Choice

A study of college football players' involvement with sports agents interviews a sample of college sports information directors. One question concerns revamping rules concerning timing and level of player-agent contact. Here is a two-way table of the results:

The chi-square statistic for this two-way table is ² = 19.4 with P-value < 0.001. We can conclude that:

• A) there is very strong evidence that type of college and interest in revamping student athlete/agent contact rules are related in the population of all sports information directors.
• B) there is very strong evidence that type of college and interest in revamping student athlete/agent contact rules are related among the sports information directors in this sample.
• C) we lack strong evidence that type of college and interest in revamping student athlete/agent contact rules are related in the population of all sports information directors.
• D) we lack strong evidence that type of college and interest in revamping student athlete/agent contact rules are related among the sports information directors in this sample.

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Definitions:

Total Revenue

The comprehensive total of cash inflow a business gathers from its selling or service operations during a set time period.

Variable Costs

Financial obligations that move in correlation with production levels.

Long-Run Equilibrium

A state in an economy or market where, given the long-term flexibility of prices and adjustment of all input factors, supply equals demand and all firms earn normal profits.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.