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:

Creditors' Risk

The risk that debtors will default on their obligations, resulting in financial loss for creditors.

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The characteristic of information that can be checked for accuracy and reliability.

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A quality that enables users to identify similarities and differences between two or more items of financial information.