Use a calculator if needed The table illustrates the results from a study exploring the relationship between education level and business success.### Education Level vs. Business Success| Business Success | High School | Graduate Certificate | Undergrad Degree | Postgraduate | Totals ||------------------|-------------|----------------------|------------------|--------------|--------|| No Success | 35 | 30 | 41 | 25 | 131 || Low Success | 28 | 41 | 26 | 29 | 124 || Success | 35 | 24 | 41 | 56 | 156 || High Success | 52 | 38 | 63 | 72 | 225 || **Totals** | **150** | **133** | **171** | **182** | **636**|### Statistical Analysis- Testing at a 2.5% significance level with 9 degrees of freedom.- The critical value to determine significance is 19.023.- The task is to evaluate if a significant link exists between education level and business success. This involves calculating the expected frequency table and comparing it to the observed frequencies in the table above.

Name: Use a calculator if needed The table illustrates the results from a st
Uploaded: 2024-03-20T06:46:03.000Z
Channel: Bartleby
Description: Use a calculator if needed The table illustrates the results from a study exploring the relationship between education level and business success.### Education Level vs. Business Success| Business Success | High School | Graduate Certificate | Underg

From the given information, Levle of significance α=0.025 Null and alternative hypotheses are given as follows: H0: There is no association between education level and business success. H1: There is a association between education level and business success. Degrees of freedom: Test statistic: The sample statistic is calculated as follows: The chi-square test formula is χ2=∑Oi-Ei2EiEi=Row total ×Column totalTotalUsing given data, Thus, chi square test statistic value is 25.56.df=(r-1)(c-1) =(4-1)(4-1) =3x3 =9 P-value: The p-value for the given data is 0.0024 which is obtained by using the Excel formula “=CHISQ.DIST.RT(25.56,9)”. Decision rule: If p-value ≤α, then reject the null hypothesis. Otherwise, do not reject the null hypothesis. Conclusion: Here, p-value (0.0024) is less than the level of significance (0.025). Therefore, reject the null hypothesis. Thus, there is a link between education level and business success.