Use a ?² Test to Test the Claim That in the Given

question 3

Essay

Use a ?² test to test the claim that in the given contingency table, the row variable and the column variable are independent
-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. $$\begin{array} { c | c c c } & \text { Red } & \text { Blue } & \text { White } \\\hline \text { Car has been in } & & \\\begin{array} { c } \text { accident }\end{array} & 28 & 33 & 36 \\\begin{array} { c } \text { Car has not been } \\\text { in accident }\end{array} & 23 & 22 & 30\end{array}$$

---

Definitions:

Current Liability

A company's obligations or debts that are due to be paid to creditors within one year.

Current Asset

Assets that are expected to be converted into cash, sold, or consumed within one year or within the operating cycle of the business, whichever is longer.

Temporary Accounts

Accounts used to collect information during a single accounting period, which are reset by transferring the balance to a permanent account at the period's end.

Prepaid Expenses

Items such as supplies that will be used in the business in the future.