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A Researcher Tests Whether Levels of Education and Income Levels

question 4

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A researcher tests whether levels of education and income levels are related.In this study,he observes the following frequencies.If he computes a chi-square test for independence at a .05 level of significance,then what is the decision for this test? A researcher tests whether levels of education and income levels are related.In this study,he observes the following frequencies.If he computes a chi-square test for independence at a .05 level of significance,then what is the decision for this test?   A) Education and income level are related. B) Education and income level are not related. C) Education and income level are independent. D) Both B and C are appropriate.


Definitions:

Reduces

Reduces refers to the act of making something lesser in size, amount, or degree.

Present Value

The actual value now of future money amounts or cash inflows based on a defined rate of yield.

Earnings Rate

The rate at which a company or investment generates income, usually expressed as a percentage of the investment or the company's capital.

Compound Interest

Interest on a deposit or loan that is calculated based on the initial amount along with the total of all interest accumulated in earlier periods.

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