Suppose Bank of America Would Like to Investigate If the Credit

question 11

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. The test statistic for this sample is ________.

• A) 1.766
• B) 3.320
• C) 7.051
• D) 10.576

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Definitions:

Third-party Involvement

Third-party involvement indicates the participation or interference of an external entity in a negotiation, conflict, or decision-making process, usually aiming to facilitate an agreement or resolution.

Intense Emotions

Strong feelings that are deeply felt and can significantly impact behavior and decision-making.

Negotiator Satisfaction

The extent to which a negotiator feels their goals or desired outcomes were met in a negotiation.

Third-party Intervention

The involvement of an external party in a conflict or negotiation to help mediate or resolve differences.