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A 2016 Stats Canada study looked at the percentage of Canadian families that are debt-free by age group. The results of the random sample of

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A 2016 Stats Canada study looked at the percentage of Canadian families that are debt-free by age group. The results of the random sample of 2,000 Canadian families is summarized in the table below. Is there enough evidence to conclude that being debt-free depends on age? Test the hypothesis at the 5% level of significance. Age (in years) Debt Free? Under 35 35 to 44 45 to 54 55 to 64 65 and older Total Yes 600 No 1,400 Total 600 400 250 2'5 475 2,000 Ha HA [2] Critical Value [2] Write the expected frequencies in the table [3] Test Statistic [3] Deeisional'Justil'}r [1] We: [1 mark] A. Yes, there is enough evidence to conclude that being debt-free depends on age. 0PMT 1197 Quiz 12 Mark: .1'12 B. No, there is not enough evidence to conclude that being debt-free depends on age

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