Four investment companies were asked in a survey to rate the effect on their asset values of

Question:

Four investment companies were asked in a survey to rate the effect on their asset values of a 1 percentage point fall in stockmarket prices. The effect on asset values was rated using a 3-point scale, with 1 for no effect, 2 for a slight effect and 3 for a moderate effect. Actual (observed) counts of the responses are shown in the following table. Is the effect on asset values independent of the company? Let ? = 0.01.

image

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Analytics And Statistics

ISBN: 9780730363330

1st Edition

Authors: Ken Black, John Asafu Adjaye, Paul Burke, Nelson Perera, Carl Sherwood, Saleh A. Wasimi

Question Posted: