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Suppose Bank of America Would Like to Investigate If the Credit

question 55

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Suppose Bank of America would like to investigate if the credit score and income level of an individual are independent of one another.Bank of America selected a random sample of 400 adults and asked them to report their credit score range and their income range.The following contingency table presents these results. Suppose Bank of America would like to investigate if the credit score and income level of an individual are independent of one another.Bank of America selected a random sample of 400 adults and asked them to report their credit score range and their income range.The following contingency table presents these results.   The expected number of individuals with income less than $50,000 and a credit score between 650 and 750 is ______. A)  24.0 B)  26.0 C)  32.5 D)  52.0 The expected number of individuals with income less than $50,000 and a credit score between 650 and 750 is ______.


Definitions:

Account Balances

The amounts of money in a financial account at a specific point in time, reflecting all completed transactions.

Profits and Losses

Refers to the financial gains and expenses incurred by a business, showing whether it has made a profit or suffered a loss over a particular period.

Capital Account Balances

The amounts in the accounts of partners or shareholders representing their contributions plus their share of net income or minus their share of losses.

Predistribution Plan

A strategic plan detailing how assets or profits will be allocated or distributed before the actual distribution takes place.

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