Consider the Following to Answer the Question(s) Below

question 14

Multiple Choice

Consider the following to answer the question(s) below:
Winnipeg Pet Plus believes that it has a market share of 25 percent of the local dog food market. They survey 100 dog owners and ask whether or not it is their regular source of dog food, and 23 people say "yes."
-The P-value associated with the test statistic is

• A) 0.644.
• B) 0.322.
• C) 0.678.
• D) 0.635.
• E) 0.317.

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Definitions:

Discouraged Workers

Individuals not actively seeking employment because they believe no jobs are available for them.

Labor Force

The sum of individuals either working or actively looking for work in an economic system.

Unemployment Figures

The statistics that represent the percentage of the labor force that is not employed but actively seeking employment.

Aggregate Demand

The sum of needs for all goods and services in an economy, measured at a collective price level within a set time interval.