Perform a Test for Independence
-A Researcher Wants to Determine $\alpha$

question 16

Short Answer

Perform a Test for Independence
-A researcher wants to determine if the number of minutes spent watching television per day is independent of gender. A random sample of 315 adults was selected and the results are shown below. Is there enough evidence to conclude that the number of minutes spent watching television per day is related to gender? Use $\alpha$ $= 0.05$ .

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds over a period, typically represented as a financial charge for accessing the capital.

Maturity Value

The total amount that will be paid to an investor at the maturity date of a debt instrument, including principal and any accrued interest.

Interest

The cost of borrowing money, represented as a percentage of the total amount loaned, or the income earned on deposited funds.

Bank Discount

What the bank charges to hold a note until maturity (Maturity Value – Proceeds).