A Survey of Students at a College Was Asked If

question 68

Essay

A survey of students at a college was asked if they lived at home with their parents, rented an apartment, or
owned their own home. The results are shown in the table below sorted by gender. At α = 0.05, test the claim
that living accommodations are independent of the gender of the student. $$\begin{array} { r | c c c } & \text { Live with Parent } & \text { Rent Apartment } & \text { Own Home } \\\hline \text { Male } & 20 & 26 & 19 \\\text { Female } & 18 & 28 & 30\end{array}$$

---

Definitions:

Required Reserves

The minimum amount of funds that a bank must hold in reserve against deposit liabilities, as mandated by central banking regulations, to ensure liquidity and stability in the banking system.

Excess Reserves

The surplus of reserves held by banks over and above the regulatory requirements, often indicating caution or a lack of lending opportunities.

Easy Money Policy

A monetary policy strategy aimed at increasing the money supply to stimulate economic growth by lowering interest rates.

American Imports

Goods and services brought into the United States from other countries for sale.