There are two parts to this question. Part A & Part B. Please answer both questions.

Homework: HW CH5 Save 4 of 9 (4 completa) HW Score: 21.67%. 1.95 of 9 pts Score: 0 of 1 pt X 5.1.46 Question Help 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. A contingency table of the responses is available below, (a) Quantify the amount of association between the respondents' stock ownership and expectation about the chance for another big drop in stock prices. (b) Reduce the table by combining the counts of very likely and somewhat likely and the counts of not very likely and not likely at all, so that the table has three rows: likely, not likely, and unsure. Compare the amount of association in this table to that in the original table. Click the icon to view the contingency table. . (a) Compute the chi-squared statistic for the table. x2 =(Round to one decimal place as needed.) O Contingency Table Likelihood of Big Drop Very likely Somewhat likely Not very likely Not likely at all Unsure Total Owns Stock? Yes Na 23 23 37 69 55 74 22 33 11 15 148 214 Total 46 106 129 55 26 382 Print Done : More Enter your answer in the answer box and then click Check Answer. 2 6 parts Clear All Check Answer remaining Homework: HW CH5 Save 4 of 9 (4 completa) HW Score: 21.67%. 1.95 of 9 pts Score: 0 of 1 pt X 5.1.46 Question Help 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. A contingency table of the responses is available below, (a) Quantify the amount of association between the respondents' stock ownership and expectation about the chance for another big drop in stock prices. (b) Reduce the table by combining the counts of very likely and somewhat likely and the counts of not very likely and not likely at all, so that the table has three rows: likely, not likely, and unsure. Compare the amount of association in this table to that in the original table. Click the icon to view the contingency table. . (a) Compute the chi-squared statistic for the table. x2 =(Round to one decimal place as needed.) O Contingency Table Likelihood of Big Drop Very likely Somewhat likely Not very likely Not likely at all Unsure Total Owns Stock? Yes Na 23 23 37 69 55 74 22 33 11 15 148 214 Total 46 106 129 55 26 382 Print Done : More Enter your answer in the answer box and then click Check Answer. 2 6 parts Clear All Check Answer remaining