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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?
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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