Need to understand how to solve using excel or megastat 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 35 23 28 $50,000 ≤ Income < $100,000 56 45 43 $100,000 ≤ Income < $150,000 45 20 34 Income ≥ $150,000 34 17 20 The p-value for this hypothesis test is ________.

Need to understand how to solve using excel or megastat 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 35 23 28 $50,000 ≤ Income < $100,000 56 45 43 $100,000 ≤ Income < $150,000 45 20 34 Income ≥ $150,000 34 17 20 The p-value for this hypothesis test is ________.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.1: Measures Of Center

Problem 14PPS

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Question

Need to understand how to solve using excel or megastat

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	35	23	28
$50,000 ≤ Income < $100,000	56	45	43
$100,000 ≤ Income < $150,000	45	20	34
Income ≥ $150,000	34	17	20

The p-value for this hypothesis test is ________.

Multiple Choice

less than 0.10
less than 0.05
greater than 0.10
Correct
between 0.01 and 0.025

Definition Definition Visual representation of the relationship between two or more categorical variables. A contingency table is a categorical version of the scatterplot, which is used to visualize the linear relationship between two variables.

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