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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Prepaid Expense

Expenses paid in advance for goods or services, which are recorded on a balance sheet as assets until used.

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Revenue earned but not yet received in cash or recorded at the statement date, typically recognized in accrual-basis accounting.

Accrued Expense

Expenses that have been incurred but not yet paid or recorded at the end of a reporting period.

Payback Periods

The duration of time it takes to recover the cost of an investment through the investment's cash flows.