Use the Sample Data Below to Test Whether Car Color

question 8

Essay

Use the sample data below to test whether car color affects the likelihood of being in an_
accident. Use a significance level of 0.01. $$\begin{array} { c | c c c } & \text { Red } & \text { Blue } & \text { White } \\\hline \text { Car has been in accident } & 28 & 33 & 36 \\\text { Car has not been in accident } & 23 & 22 & 30\end{array}$$

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Definitions:

Bonds

Debt securities issued by entities such as corporations or governments to raise funds, promising to repay the principal along with interest at a specific date.

Interest Revenue

Interest Revenue is income earned from investments in various debt instruments, including savings accounts, bonds, and loans, where others pay interest to the entity holding those assets.

Long-Term Investments

Investments held by a company for more than one year with the intention of yielding financial returns, such as stocks, bonds, or real estate.

Marketable Stocks

Shares that are easily bought or sold in the market due to their high liquidity and the presence of numerous buyers and sellers.