Suppose Bank of America Would Like to Investigate If the Credit

question 55

Multiple Choice

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

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Definitions:

Planned Shopping Center

A group of architecturally unique business establishments on a site that is centrally owned or managed.

Big Data Analytics

The process of examining large and varied data sets, or big data, to uncover hidden patterns, correlations, market trends, and customer preferences.

Merchandise

Goods that are available for sale in retail or wholesale.

Off-price Retailers

Retail stores that sell high-quality goods at lower prices than traditional retail prices, often through the purchase of overstock items or direct negotiations.