Preferences for the Type of Diet Drink from a Random

question 81

Multiple Choice

Preferences for the type of diet drink from a random sample of 121 shoppers are in the table below.A researcher is interested in determining if there is a relationship between the type of diet drink preferred and the age of the shoppers. Using α = .025,what is the critical value of the test statistic that you would use in a decision rule to test an appropriate hypothesis?

• A) 5.02
• B) 5.99
• C) 7.38
• D) 14.45

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Definitions:

Price Decrease

refers to a reduction in the cost of goods or services in the market.

Consumer

An individual or group that purchases goods or services for personal use, not for manufacture or resale.

Income

Money received, typically on a regular basis, for work or through investments.

Marginal Rate

A term that may refer to the rate at which one variable changes as another variable changes marginally, often used in the context of taxes, substitution, or transformation.