Consider the data in the table below which was collected from a random sample of 20 vendors at a local open market during the first week after the lockdown period: Vendor Number of years in operation Daily income (NS) 1 > 5 years 1555 2 <1 year 806 3 Between 1 and 5 years 1150 4 Between 1 and 5 years 1350 5 > 5 years 1790 Between 1 and 5 years 1660 7 <1 year 505 8. > 5 years 1950 9 Between 1 and 5 years 2240 10 > 5 years 1811 11 Between 1 and 5 years 1904 12 > 5 years 2209 13 <1 year 1600 14 > 5 years 2010 15 Between 1 and 5 years 2300 16 Between 1 and 5 years 300 17 <1 year 549 18 > 5 years 662 19 Between 1 and 5 years 1444 20 <1 year 755 Required: Construct a cross-tabulation between the random variables Daily Income and Number of years in Operation and provide an interpretation.

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Consider the data in the table below which was collected from a random sample of 20
vendors at a local open market during the first week after the lockdown period:
Vendor
Number of years in operation
Daily income (N$)
1
> 5 years
1555
2
<1 year
806
Between 1 and 5 years
1150
4
Between 1 and 5
years
1350
> 5 years
1790
6.
Between 1 and 5
years
1660
7
<1 year
505
8.
> 5 years
1950
9.
Between 1 and 5 years
2240
10
> 5 years
1811
11
Between 1 and 5 years
1904
12
> 5 years
2209
13
<1 year
1600
14
> 5 years
2010
15
Between 1 and 5 years
2300
16
Between 1 and 5 years
300
17
<1 year
549
18
> 5 years
662
19
Between 1 and 5 years
1444
20
<1 year
755
Required:
Construct a cross-tabulation between the random variables Daily Income and Number of
years in Operation and provide an interpretation.
Transcribed Image Text:Consider the data in the table below which was collected from a random sample of 20 vendors at a local open market during the first week after the lockdown period: Vendor Number of years in operation Daily income (N$) 1 > 5 years 1555 2 <1 year 806 Between 1 and 5 years 1150 4 Between 1 and 5 years 1350 > 5 years 1790 6. Between 1 and 5 years 1660 7 <1 year 505 8. > 5 years 1950 9. Between 1 and 5 years 2240 10 > 5 years 1811 11 Between 1 and 5 years 1904 12 > 5 years 2209 13 <1 year 1600 14 > 5 years 2010 15 Between 1 and 5 years 2300 16 Between 1 and 5 years 300 17 <1 year 549 18 > 5 years 662 19 Between 1 and 5 years 1444 20 <1 year 755 Required: Construct a cross-tabulation between the random variables Daily Income and Number of years in Operation and provide an interpretation.
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