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$) 1 > 5 years 1555 2 < 1 year 806 3 Between 1 and 5 years 1150 4 Between 1 and 5 years 1350 5 > 5 years 1790 6 Between 1 and 5 years 1660 7 < 1 year 505 8 > 5 years 1950 9 Between 1 and 5 years 2240 10 > 5 years 1811 11 Between 1 and 5 years 1904 12 > 5 years 2209 13 < 1 year 1600 14 > 5 years 2010 15 Between 1 and 5 years 2300 16 Between 1 and 5 years 300 17 < 1 year 549 18 > 5 years 662 19 Between 1 and 5 years 1444 20 < 1 year 755 Required: Construct a cross-tabulation between the random variables Daily Income and Number of years in Operation and provide an interpretation
Consider the data in the table below which was collected from a random sample of 20
vendors at a local open market during the first week after the lockdown period:
Vendor Number of years in operation Daily income (N$)
1 > 5 years 1555
2 < 1 year 806
3 Between 1 and 5 years 1150
4 Between 1 and 5 years 1350
5 > 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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