Use the Following to Answer the Question(s) Below

question 17

Multiple Choice

Use the following to answer the question(s) below.
Chris Columbus is responsible for controlling inventory levels for four types of sailboats sold by his company. Chris takes a sample of 48 boats sold over the past several months to determine if demand is the same for each type. His results are as follows:

-The correct null hypothesis to be tested is

• A) type of boat and demand are related.
• B) the demand differs for each type of boat.
• C) the demand is the same for each type of boat.
• D) the demand is dependent on the type of boat.
• E) type of boat affects the demand.

---

Definitions:

High Risk Individuals

High risk individuals are those considered more likely to encounter certain hazards or negative outcomes due to their behaviors, characteristics, or environmental factors.

Low Risk

Refers to investments or decisions that carry a minimal potential for losing value or experiencing negative outcomes.

Insurance Company

A business entity that provides financial protection and risk management to individuals and organizations against potential losses in exchange for premium payments.

Low Risk

Describes investments or activities with a low probability of loss or failure.