Suppose Bank of America Would Like to Investigate If the Credit

question 31

Multiple Choice

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. Using α = 0.01, the critical value for this hypothesis test is ________.

• A) 9.488
• B) 12.592
• C) 16.812
• D) 13.277

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Definitions:

Exclusive Agents

Individuals or companies that have the sole right to sell or represent a vendor's products or services in a specific market.

Professional Guidance

Advice and support given by experienced professionals in a specific field to help individuals or organizations make informed decisions.

Managerial Assistance

Support or help provided to managers to improve decision-making, problem-solving, and overall management effectiveness.

Expansion

The process of growing or enlarging the scope of a business or activity.