Suppose a Car Dealer Collects the Following Information About a Sample

question 4

Essay

Suppose a car dealer collects the following information about a sample of 448 residents in the city of ABC:
· Exact salaries of these ABC residents
· Education level (completed high school only or completed college)
· Income level (low or high)
· Car finance (whether or not the last purchased car was financed)
Using the education level, income level, and car finance data, the car dealer creates the three pivot tables shown below. Based on these tables, determine how education and income influence the likelihood that a family finances a car.

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Definitions:

Mutual Duties

Obligations or responsibilities that are shared reciprocally between parties in a contract or agreement.

Performance

The execution or accomplishment of a task, contract, or duty as required or agreed.

Tender

An offer to perform an obligation or to pay an amount specified in a contract.

Full Performance

The complete execution of all terms and obligations specified in a contract or agreement.