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Suppose Bank of America Would Like to Investigate If the Credit

question 54

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Suppose Bank of America would like to investigate if the credit score and income level of an individual are independent of one another. Bank of America selected a random sample of 400 adults and asked them to report their credit score range and their income range. The following contingency table presents these results. Suppose Bank of America would like to investigate if the credit score and income level of an individual are independent of one another. Bank of America selected a random sample of 400 adults and asked them to report their credit score range and their income range. The following contingency table presents these results.   The expected number of individuals with income less than $50,000 and a credit score between 650 and 750 is ________. A)  24.0 B)  26.0 C)  32.5 D)  52.0 The expected number of individuals with income less than $50,000 and a credit score between 650 and 750 is ________.


Definitions:

Performance

The effectiveness with which a company, individual, or system operates to meet its objectives or benchmarks.

Specification Methods

Techniques used to describe the requirements, standards, and quality measures for materials, products, or services.

Purchasing by Specification

Involves acquiring goods or services based on detailed descriptions of their requirements and characteristics, ensuring they meet specified standards and performance criteria.

Supplier Expertise

The specialized knowledge or skills held by a supplier, making them a preferred choice for delivering specific goods or services.

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