You Want to Test the Hypothesis That the Prime Rate

question 72

Multiple Choice

You want to test the hypothesis that the prime rate and inflation are independent.The following table is prepared for the test on the basis of the results of a random sample,collected in various countries and various time periods shown below. The expected frequency for the shaded cell in row 2 and column 3 is

• A)22.5
• B)30
• C)40
• D)40.5

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Definitions:

Consumption

The action of using up a good or service, typically by households or individuals, affecting economic analyses of demand and spending behaviors.

Borda Count

A voting system in which voters rank candidates in order of preference, and candidates are assigned points based on their position in each vote, to determine the winner.

Candidates

Individuals seeking to be elected or selected for a specific position, role, or honor.

Voters

Individuals who have the legal right and are registered to vote in elections to choose representatives or make decisions on public issues.