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The Arithmetic Calculations and Statistical Procedures for (A) the Test

question 31

Essay

The arithmetic calculations and statistical procedures for (a) the test of homogeneity and (b) the test of independence are the same.
a)Explain in a few sentences what distinguishes these two hypothesis tests.
b)To illustrate your answer in part (a), make up an example of a research question that would require a test of homogeneity, and an example that would require a test of independence. Briefly describe the aspects of your examples that illustrate the distinguishing characteristics you mentioned in part (a).


Definitions:

Interest

The cost of borrowing money or the payment received for lending money, usually expressed as a percentage of the principal.

Credit Card Statement

An accounting of the credits and debits in the form of a monthly report sent to a credit card holder.

Spreadsheet Formula

A mathematical expression used in spreadsheet software to perform calculations, analyze data, and automate tasks within cells of a spreadsheet.

FICO Scores

A type of credit score created by the Fair Isaac Corporation, used by lenders to assess an individual's credit risk.

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