A Survey of the Opinions of Property Owners About a Street

question 5

Multiple Choice

A survey of the opinions of property owners about a street widening project was taken to determine whether the resulting opinion was related to the distance of front footage. A randomly selected sample of 100 property owners was contacted and the results are shown below. How many degrees of freedom are there?

• A) 2
• B) 3
• C) 4
• D) 5

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Definitions:

Corporate Income Tax

A tax on the income or profit of corporations, which contributes to government revenue.

Gross Investment

The total amount of money spent on capital goods, or assets intended to produce future income, not accounting for depreciation.

Net Investment

The total amount spent on capital assets, like buildings and machinery, minus depreciation. It reflects the increase in the value of physical assets.

Depreciation

The gradual decrease in the economic value of the capital assets of a firm or nation due to wear and tear, obsolescence, or age, often accounted for in financial statements through depreciation expense.