Suppose Bank of America Would Like to Investigate If the Credit

question 76

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. Based on the critical value approach and using α = 0.01, which of the following the decision and conclusion for this hypothesis test would be?

• A) Reject the null hypothesis, we cannot conclude that credit score and income are independent of one another.
• B) Do not reject the null hypothesis, we can conclude that credit score and income are independent of one another.
• C) Do not reject the null hypothesis, we cannot conclude that credit score and income are not independent of one another.
• D) Reject the null hypothesis, we can conclude that credit score and income are independent of one another.

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Definitions:

Correct Code

In healthcare, the "Correct Code" typically refers to the accurate assignment of codes for diagnoses, procedures, or services provided, essential for billing and documentation.

Premature Birth

The birth of a baby before 37 completed weeks of gestational age, which can result in health challenges.

Clinically Significant

Signs, symptoms, and/or conditions present at birth that may impact the child’s future health status.

Coding

In the context of healthcare, coding refers to the transformation of healthcare diagnosis, procedures, medical services, and equipment into universal medical alphanumeric codes.