In the Following Table,individuals Are Cross-Classified by Their Age Group

question 31

Multiple Choice

In the following table,individuals are cross-classified by their age group and income level. Using the p-value approach and α = 0.05,the decision and conclusion are __________________________________.

• A) do not reject the null hypothesis;age and income are dependent
• B) do not reject the null hypothesis;age and income are independent
• C) reject the null hypothesis;age and income are dependent
• D) reject the null hypothesis;age and income are independent

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Definitions:

State Unemployment Tax

A tax levied by state governments on businesses to fund unemployment insurance benefits for workers who have lost their jobs.

Employee Withholding

The portion of an employee's wages deducted by the employer for taxes, social security, and other benefits, and paid directly to the government.

Warranty Expense

Costs a company incurs due to servicing or replacing products under warranty.