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Age of Westminster investor in years Part 2 Under 35 35 49 50 7 102 Total Risky 15 11 90 0 808 18 20 40

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Age of Westminster investor in years Part 2 Under 35 35 49 50 7 102 Total Risky 15 11 90 0 808 18 20 40 0 282 18 18 70 0 026 51 Moderate mixed 13 a Determine the type of test statistic to use Type of test statistic Chi square 15 63 0 443 24 26 80 0 293 30 24 57 1 200 67 Conservative 7 7 47 0 030 18 12 80 2 113 7 11 73 1 907 32 Degrees of freedom 4 c Find the p value Round to three or more decimal places 0 130 Total 35 Answer the following to summarize the test of the hypothesis that there is no relationship between t variables age of Westminster investor and riskiness of investment choice for this past year For your the 0 05 level of significance 60 55 150 b Find the value of the test statistic Round to two or more decimal places d Can we reject the hypothesis that there is no relationship between the variables age of Westminster investor and riskiness of investment choice for this past year Use the 0 05 level of significance X

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