Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Suppose you observe 100 people who invest their saving in common stock, preferred stock and bonds. You wanted to see if there is any difference

Suppose you observe 100 people who invest their saving in common stock, preferred stock and bonds. You wanted to see if there is any difference in their investment behavior based on their gender. A person can be in the following categories

Male- Invest common stocks

Male- Invest preferred stocks

Male- Invest bonds

Female- Invest common stocks

Female- Invest preferred stocks

Female- Invest bonds

The actual data set of 100 investors is as follows:

common stocks

preferred stocks

bonds

Total

Males

22

20

33

75

Females

10

8

7

25

Total

32

28

40

100

Given on the above data is there any significant difference in the investments behaviors of men and women by using the Chi-Square.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Physics A Strategic Approach

Authors: Randall D. Knight, Brian Jones, Stuart Field

2nd Edition

9780321595492

Students also viewed these Mathematics questions