Suppose Bank of America would like to investigate if the credit score and income level of an individual are independent of one another. Bank of America selected a random sample of 400 adults and asked them to report their credit score range and their income range. The following contingency table presents these results. Credit Score class Less than 650 650-750 More than 750 Income < $50,000 31 21 21 $50,000 s Income < $100,000 79 57 45 $100,000 s Income < $150,000 Income 2 $150,000 54 24 22 21 12 13 The p-value for this hypothesis test is
Suppose Bank of America would like to investigate if the credit score and income level of an individual are independent of one another. Bank of America selected a random sample of 400 adults and asked them to report their credit score range and their income range. The following contingency table presents these results. Credit Score class Less than 650 650-750 More than 750 Income < $50,000 31 21 21 $50,000 s Income < $100,000 79 57 45 $100,000 s Income < $150,000 Income 2 $150,000 54 24 22 21 12 13 The p-value for this hypothesis test is
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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Transcribed Image Text:Suppose Bank of America would like to investigate if the credit score and income level of an individual are independent of one another. Bank of America selected
a random sample of 400 adults and asked them to report their credit score range and their income range. The following contingency table presents these results.
Credit Score
class
Less than 650
650-750
More than 750
Income < $50,000
31
21
21
$50,000 < Income < $100,000
79
57
45
$100,000 < Income < $150,000
54
24
22
Income 2 $150,000
21
12
13
The p-value for this hypothesis test is

Transcribed Image Text:Multiple Cholce
less than 01O
less than 0.05
greater than 0,10
between 0.01 and 0.025
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