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Each month a brokerage house studies various companies and rates each company's stock as being either low risk or moderate to high risk. In a
Each month a brokerage house studies various companies and rates each company's stock as being either "low risk" or "moderate to high risk." In a recent report, the brokerage house summarized its findings about 33 aerospace companies and 42 food retailers in the following table:
Company Type | Low Risk | Moderate to High Risk |
Aerospace company | 17 | 16 |
Food retailer | 18 | 24 |
1.Determine if thecompany typeis independent of thelevel of riskof the firm's stock.(Round your answers to 4 decimal places.)
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