Pedro Hypothesizes That More Than Half of His Classmates Would

question 109

Essay

Pedro hypothesizes that more than half of his classmates would prefer a virtual web graduation ceremony,rather than sitting in the hot sun during the commencement speech.He takes a random sample of his classmates and performs a test.The results shown below are from MegaStat.What would Pedro conclude from this test? Explain carefully.

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Definitions:

Unemployment Insurance

A government-provided financial assistance program for individuals who have lost their jobs, offering temporary income support while they seek new employment.

Unemployed

Individuals who are without a job but are actively looking for work and available to start work.

Endogenous

Originating from within a system, referring to factors or variables in economic models that are determined by the dynamics within the model itself, as opposed to external influences.

Business Cycle

The natural rise and fall of economic growth that occurs over time, including periods of expansion, peak, recession, and recovery.