A report included data from a study in which 789 people in a representative sample of college students age 18 to 24 were asked how they perceive their money management skills. Possible responses were excellent, good, average, not very good, and poor. Each student in the sample was also classified by age, resulting in the data in the table.Perception of Money Management SkillsExcellentGoodAverageNot VeryGoodPoorAge 18 to 2076146104178Age 21 to 225710385103Age 23 to 2453843670Use the data from 789 people in the table to determine if there is evidence of an association between age and perception of money management skills. Because some of the expected values are less than 5, construct a new table that combines the not very good and the poor categories. Use a significance level of ? = 0.05. Construct the new table.Perception of Money Management SkillsExcellentGoodAverageNot VeryGood/PoorAge 18 to 20 Age 21 to 22 Age 23 to 24

Name: A report included data from a study in which 789 people in a represent
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Description: A report included data from a study in which 789 people in a representative sample of college students age 18 to 24 were asked how they perceive their money management skills. Possible responses were excellent, good, average, not very good, and poor.

The new table is, Excellent Good Average Not very good/Poor Total Age 18 to 20 76 146 104 25…

Answered: A report included data from a study in…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.2: Representing Data

Problem 22PFA

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A report included data from a study in which 789 people in a representative sample of college students age 18 to 24 were asked how they perceive their money management skills. Possible responses were excellent, good, average, not very good, and poor. Each student in the sample was also classified by age, resulting in the data in the table.

Perception of Money Management Skills
Excellent	Good	Average	Not Very Good	Poor
Age 18 to 20	76	146	104	17	8
Age 21 to 22	57	103	85	10	3
Age 23 to 24	53	84	36	7	0

Use the data from 789 people in the table to determine if there is evidence of an association between age and perception of money management skills. Because some of the expected values are less than 5, construct a new table that combines the not very good and the poor categories. Use a significance level of

? = 0.05.

Construct the new table.

Perception of Money Management Skills
Excellent	Good	Average	Not Very Good/Poor
Age 18 to 20
Age 21 to 22
Age 23 to 24

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