Contingency table analysis (test of independence) Each home sold by Lakeland Homes can be classified according to the price level and to the style. The management would like to determine if the price of the home and the style of the home are independent variables. With the observed data given in the following table and with a significance level of of = 0.05, conduct a formal hypothesis test to help the management in decision making process. Price Level Colonial Log Split A Frame <= $100,000 18 6 19 12 > $100,000 12 14 16 3
Each home sold by Lakeland Homes can be classified according to the price level and
to the style. The management would like to determine if the price of the home and the
style of the home are independent variables. With the observed data given in the
following table and with a significance level of of = 0.05, conduct a formal
hypothesis test to help the management in decision making process.
Price Level Colonial Log Split A Frame
<= $100,000 18 6 19 12
> $100,000 12 14 16 3
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