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Exhibit 12-5
The table below gives beverage preferences for random samples of teens and adults. We are asked to test for independence between age (i.e., adult and teen) and drink preferences.
-Refer to Exhibit 12-5. The test statistic for this test of independence is
British Pounds
The official currency of the United Kingdom, symbolized as £.
Appreciation
An increase in the value of an asset over time.
Chinese Yuan
The official currency of the People's Republic of China, used in mainland China but not in its special administrative regions like Hong Kong.
Devalues
Reduces the value, importance, or quality of something.
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