Question
#5. The results indicate sufficient evidence to conclude that the relationship between college graduation (COLLEGE) and financial comfort (FCOMFORT) is significant, ? ? 2 ?
#5. The results indicate sufficient evidence to conclude that the relationship between
college graduation (COLLEGE) and financial comfort (FCOMFORT) is significant,
??2? (6) = 21.735, p = 0.001
#6. The correct option is: c. 53%
Explanation:
#5. The Chi-square test statistic, ??2? = 21.735
The degrees of freedom = 6
The p-value = 0.001
Since the p-value = 0.001
The results indicate sufficient evidence to conclude that the relationship between
college graduation (COLLEGE) and financial comfort (FCOMFORT) is significant.
#6. The percentage of college graduates report that they are financially comfortable is,
(67 / 127) = 0.527 ??? 0.53 = 53%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Probability and Stochastic Processes A Friendly Introduction for Electrical and Computer Engineers
Authors: Roy D. Yates, David J. Goodman
3rd edition
1118324560, 978-1118324561
