Simple Random Samples of 350 Women and 450 Men from Michigan

question 2

Multiple Choice

Simple random samples of 350 women and 450 men from Michigan are obtained.The 800 people in the sample are categorized according to where they went to school: in state,out of state,or no college. The SPSS output for the above table is given below.The output includes the cell counts and the most expected cell counts.Expected counts are printed below observed counts. The chi-square statistic for these data equals 13.5.What do we know about the P-value for testing that there is no association between college location and gender?

• A)P-value < 0.001
• B)0.001 < P-value < 0.0025
• C)0.0025 < P-value < 0.005
• D)P-value > 0.005

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Definitions:

MACRS Depreciation

A method of depreciation in the U.S. that allows for a faster write-off of assets under the tax code.

Incremental Annual Cash Flow

The additional cash flow generated by a company from taking on a new project, calculated as the difference between the project's cash inflows and outflows.

Tax Rate

The rate at which taxes are levied on the income of a person or business.

Net Advantage to Leasing

A calculation that compares the cost-effectiveness of leasing an asset versus purchasing it, considering all financial aspects including taxes and cash flow.