The number of cars sold by three salespersons over a 6-month period are shown in the table below.Use the 5% level of significance to test for independence of salespersons and type of car sold.
Definitions:
Intermediate Calculations
Calculations performed as part of a larger problem-solving process that involve steps between the initial setup and the final solution.
2.5-Year Note
A promissory note or bond maturing in 2.5 years from the date it was issued.
Principal Amount
The original sum of money borrowed in a loan or the initial amount of investment, excluding any interest or dividends.
60-Day Note
A financial instrument that is payable within 60 days, often used in business transactions as a form of short-term borrowing.
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