On the Most Recent Tax Cut Proposal,a Random Sample of Democrats

question 81

Multiple Choice

On the most recent tax cut proposal,a random sample of Democrats and Republicans in the Congress cast their votes as follows: Determine the expected frequencies for both the Democrats and Republicans who oppose the tax cut proposal for the chi-square test of independence.

• A)68.8,70.2
• B)67.3,67.3
• C)78,61
• D)69.5,69.5

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Definitions:

Disposable Income

Financial avenues open to households for spending and saving, post income tax deductions.

MPS

Marginal Propensity to Save, which is the fraction of additional income that a household saves rather than spends on consumption.

Saving

The act of setting aside a portion of current income for future use, typically to achieve financial goals or provide a safety net.

APS

Advanced Planning and Scheduling is a system that integrates production planning and shop floor scheduling, improving manufacturing efficiency.