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After a collapse of the stock market, a business newspaper polled its readers and asked whether they expected another big drop in the market during
After a collapse of the stock market, a business newspaper polled its readers and asked whether they expected another big drop in the market during the next 12 months. The data table for this question has two variables. One indicates whether the reader owns stock and the other gives the anticipated chance for another drop. Complete parts (a) through (d). Click the icon to view the poll data from the business newspaper readers. (a) Find the contingency table defined by stock ownership and the anticipated chances for a big drop in the market. Include the marginal distributions. Yes No Total Very likely 9 4 13 Somewhat likely 6 5 11 Not very likely 4 4 8 Not likely at all 6 5 11 Unsure 7 10 17 Total 32 28 60 (b) Did stockholders think that a drop was either somewhat likely or very likely? The proportion of stockholders who thought that the market drop was very likely or somewhat likely is (Round to three decimal places as needed.)
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