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 29 31 23 $50,000 < Income < $100,000 5 64 42 $100,000 < Income < $150,000 55 30 31 Income 2 $150,000 28 29 The test statistic for this sample 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 29 31 23 $50,000 < Income < $100,000 5 64 42 $100,000 < Income < $150,000 55 30 31 Income 2 $150,000 28 29 The test statistic for this sample is
MATLAB: An Introduction with Applications
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![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
29
31
23
$50,000 < Income < $100,000
5
64
42
$100,000 < Income < $150,000
55
30
31
Income 2 $150,000
28
29
The test statistic for this sample is](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F62c5d8d4-bf52-40ff-9a64-70401b9ed938%2F820f6a54-9101-4027-988b-6ab6a35b22c0%2Fykyek6k_processed.png&w=3840&q=75)
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
29
31
23
$50,000 < Income < $100,000
5
64
42
$100,000 < Income < $150,000
55
30
31
Income 2 $150,000
28
29
The test statistic for this sample is
![The test statistic for this sample is
Multiple Cholce
53.462
55.016
58.747
62.272](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F62c5d8d4-bf52-40ff-9a64-70401b9ed938%2F820f6a54-9101-4027-988b-6ab6a35b22c0%2Fl75d4lp_processed.png&w=3840&q=75)
Transcribed Image Text:The test statistic for this sample is
Multiple Cholce
53.462
55.016
58.747
62.272
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