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Use the following information to answer the question. The data in the top row of the table shows the number of vacation days taken by the respondent in the previous 90 days. The respondents also reported their level of happiness; Very H means very happy, and so on.
-The following table shows the data after merging categories so that there are two column categories (0-1 vacation days and 2 or more vacation days) , and two row categories (happy and unhappy) . Expected values for each cell are also shown in parentheses. Test the hypothesis that there is an Association between happiness and number of vacation days taken in the last 90 days, using a Significance level of 0.05. State the value of the test statistic rounded to two decimal places and state Whether the p-value is closer to zero or one.
Cost, Volume, Profit
An analysis tool used in managerial accounting to determine how changes in costs and sales volume affect a company's profit.
Setting Step
The process of establishing a stage or level in a procedure or activity.
Approximate Price Level
An estimated cost or price range of goods or services in a particular market or sector, often used for budgeting or planning purposes.
Common Approaches
Standard or widely accepted methods or procedures used to achieve a particular goal or complete a task.
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