Exhibit 10

question 47

Multiple Choice

Exhibit 10.11.The student senate at a local university is about to hold elections.A representative from the women's sports program and a representative from the men's sports program must both be elected.Two candidates,an incumbent and a challenger,are vying for each position and early polling results are presented next.A hypothesis test must be performed to determine whether the percentages of supporting votes are different between the two incumbent candidates.In a sample of 100 voters,67 said that they would vote for the women's incumbent candidate.In a separate sample of 100 voters,55 said they would vote for the men's incumbent candidate.Let p₁ and p₂ be the proportions of supporting votes for the incumbent candidates representing women's and men's sports programs,respectively. Refer to Exhibit 10.11.What are the competing hypotheses to determine whether the percentages of supporting votes are different between the two incumbent candidates?

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Definitions:

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a specified price.

Maturity

The point in time when a financial instrument or obligation, such as a bond or loan, becomes due and payment is required.

Premium

The amount paid for an insurance policy, or the extra cost above the nominal value of something such as a bond or stock.

Adjunct Liability

A liability that is attached to an asset in a supporting role, increasing the amount recorded as the asset rather than being recognized separately.