Answer the following to summarize the test of the hypothesis that there is no relationship between the two variables age of Westminster investor and riskiness of investment choice for this past year. For your test, use the 0.05 level of significance. (a)Determine the type of test statistic to use.Type of test statistic: ▼(Choose one) (b)Find the value of the test statistic. (Round to two or more decimal places.) (c)Find the critical value for a test at the 0.05 level of significance. (Round to two or more decimal places.) (d)Can we reject the hypothesis that there is no relationship between the variables age of Westminster investor and riskiness of investment choice for this past year? Use the 0.05 level of significance. Yes No Riskiness of investment choiceModerate/RiskyConservative Totalmixed15137Under 3511.6716.806.53350.9500.8600.034172617Age of35-492028.8011.260Westminsterinvestor (inyears)0.450.2723.0041833450+18.3326.4010.27550.0061.6503.828Total507228150

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Description: Answer the following to summarize the test of the hypothesis that there is no relationship between the two variables age of Westminster investor and riskiness of investment choice for this past year. For your test, use the 0.05 level of significance.

Test is that whether there is no relationship between the variables age of Westminster investor and…

Answered: (a)Determine the type of test statistic…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

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Answer the following to summarize the test of the hypothesis that there is no relationship between the two variables age of Westminster investor and riskiness of investment choice for this past year. For your test, use the

0.05

level of significance.

(a)Determine the type of test statistic to use. Type of test statistic: ▼(Choose one)
(b)Find the value of the test statistic. (Round to two or more decimal places.)
(c)Find the critical value for a test at the 0.05 level of significance. (Round to two or more decimal places.)
(d)Can we reject the hypothesis that there is no relationship between the variables age of Westminster investor and riskiness of investment choice for this past year? Use the 0.05 level of significance. Yes No

Riskiness of investment choice
Moderate/
Risky
Conservative Total
mixed
15
13
7
Under 35
11.67
16.80
6.53
35
0.950
0.860
0.034
17
26
17
Age of
35-49
20
28.80
11.2
60
Westminster
investor (in
years)
0.45
0.272
3.004
18
33
4
50+
18.33
26.40
10.27
55
0.006
1.650
3.828
Total
50
72
28
150

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