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To investigate attitudes about the economy and stock ownership, a random sample of 200 adults from Washington State was interviewed. You are called upon to

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To investigate attitudes about the economy and stock ownership, a random sample of 200 adults from Washington State was interviewed. You are called upon to use your newly acquired statistical skills, Chi-Squared tests, to answer some important questions.

  • Sex (M - male, F - female)
  • Income group (A -under $30K, B - $30K-$60K, C - $60K-$85K, D - over $85K)
  • Highest education level (
  • Age group (18-24, 35-49, 50+)
  • Do you own stocks? (Y- yes, N - no)
  • Opinion on economy (PESS - pessimistic, NEUT - neutral, OPT - optimistic)
  • Better off? Are you economically better off than you were 5 years ago (Y - yes, N - no)
SexIncome GroupHighest Education LevelAge GroupDo You own Stocks?Economy?Better Off?
MACOLLGRAD18-24YOPTY
MAHS35-49YOPTY
FB50+NPESSN
MCSOMECOLL35-49YNEUTY
MBCOLLGRAD25-34NNEUTY
MDSOMECOLL50+NOPTN
MBHS18-24NPESSN
FAHS18-24YPESSY
FCSOMECOLL18-24NNEUTY
MDGRADDEG35-49NOPTY
FBCOLLGRAD25-34YOPTN
MAHS50+YPESSY
FA50+NOPTY
FBSOMECOLL18-24NPESSN
FBCOLLGRAD50+NPESSY
MCCOLLGRAD18-24NOPTN
MCHS18-24YNEUTY
FAHS25-34YOPTY
FBSOMECOLL18-24YOPTY
FAGRADDEG35-49NPESSY
MBCOLLGRAD50+YPESSY
MCHS25-34NNEUTY
FDGRADDEG18-24YNEUTN
FDHS18-24NNEUTY
MA35-49YOPTY
FCCOLLGRAD50+YPESSY
FDHS50+YPESSN
MASOMECOLL18-24NNEUTN
MBGRADDEG18-24NPESSY
MCGRADDEG50+NNEUTY
FCSOMECOLL25-34YOPTN
FDCOLLGRAD50+YPESSY
FCHS35-49NOPTN
MBGRADDEG50+NNEUTY
MASOMECOLL50+YPESSN
FBCOLLGRAD18-24YPESSN
MACOLLGRAD50+NNEUTN
FCCOLLGRAD18-24YOPTY
FB25-34NOPTY
FAGRADDEG35-49YOPTY
FDHS50+NNEUTN
MCSOMECOLL50+NOPTY
MAGRADDEG18-24NNEUTN
MBCOLLGRAD25-34YPESSY
MCHS50+YOPTN
FB35-49YOPTY
MCHS35-49NNEUTN
FASOMECOLL50+NPESSN
MCCOLLGRAD50+NOPTY
MB18-24NOPTY
FDSOMECOLL35-49YPESSY
FDGRADDEG50+NNEUTN
MCCOLLGRAD25-34NPESSN
MAGRADDEG18-24NPESSY
MBSOMECOLL18-24YOPTN
FDGRADDEG50+YNEUTY
FDCOLLGRAD25-34YPESSN
FDGRADDEG25-34NPESSY
MCGRADDEG50+NNEUTY
FACOLLGRAD18-24YOPTN
FCHS18-24NNEUTN
MDSOMECOLL25-34YOPTY
FBHS35-49YPESSY
MB50+YOPTY
FBCOLLGRAD25-34NOPTN
MDSOMECOLL25-34NPESSY
MACOLLGRAD35-49YPESSN
MCGRADDEG25-34YNEUTN
FDHS18-24NOPTN
FBCOLLGRAD25-34NOPTN
FB25-34YPESSY
MDSOMECOLL25-34NNEUTN
MCCOLLGRAD50+YOPTY
FACOLLGRAD35-49NOPTY
FCHS50+NPESSN
MDGRADDEG25-34NNEUTN
MBGRADDEG18-24NPESSN
MDCOLLGRAD18-24YOPTY
FCGRADDEG50+YNEUTN
MACOLLGRAD25-34NNEUTY
FCHS25-34YOPTY
MB35-49NOPTN
FCSOMECOLL50+YPESSN
FCGRADDEG50+NNEUTY
FDCOLLGRAD18-24NNEUTY
MC25-34NOPTN
MDHS18-24YOPTN
MCGRADDEG25-34YPESSY
MASOMECOLL50+NNEUTN
FACOLLGRAD35-49YPESSY
FB50+NOPTN
MCSOMECOLL18-24YPESSY
FDCOLLGRAD35-49NPESSN
FACOLLGRAD35-49NOPTY
FCCOLLGRAD25-34YPESSN
MDSOMECOLL25-34YPESSY
FDHS50+NOPTY
FCHS25-34YNEUTY
MD50+YPESSN
MCCOLLGRAD18-24NOPTN
FCSOMECOLL35-49YOPTY
MBHS25-34NOPTY
MBGRADDEG25-34NOPTY
MCHS35-49NNEUTN
FASOMECOLL18-24YPESSN
FACOLLGRAD35-49YPESSN
MCHS18-24NNEUTN
MDSOMECOLL35-49NOPTN
MB50+YNEUTY
MCSOMECOLL35-49NOPTN
FDCOLLGRAD25-34YNEUTN
MAGRADDEG25-34NNEUTN
FDHS18-24NOPTY
MC18-24YOPTN
FDCOLLGRAD25-34NNEUTY
FDSOMECOLL50+NOPTN
FAHS25-34YPESSY
MASOMECOLL18-24YPESSN
MC35-49YNEUTY
FD50+YOPTY
FA25-34NNEUTY
MBCOLLGRAD25-34NOPTN
FCHS35-49YPESSN
FDSOMECOLL35-49NOPTN
MA25-34YOPTY
MCGRADDEG50+NPESSN
MDCOLLGRAD18-24YPESSY
FCHS25-34NNEUTN
FDSOMECOLL18-24YOPTY
MASOMECOLL25-34NPESSN
FBHS25-34YOPTN
MAGRADDEG18-24YPESSY
FCCOLLGRAD35-49YNEUTY
MDSOMECOLL50+NOPTN
MB35-49NOPTY
MCSOMECOLL25-34YOPTN
FCCOLLGRAD18-24NOPTY
FD25-34YPESSN
MDCOLLGRAD35-49NPESSY
FAHS50+YOPTY
FD25-34YOPTY
MASOMECOLL18-24NNEUTN
MDGRADDEG25-34NNEUTN
FASOMECOLL35-49NOPTY
FCCOLLGRAD25-34YPESSY
MASOMECOLL50+YOPTN
FD18-24NPESSY
MCCOLLGRAD35-49NOPTN
FBSOMECOLL50+NOPTY
FCHS25-34YNEUTN
MBHS25-34YPESSY
MB25-34YOPTN
MCCOLLGRAD18-24NOPTN
FDCOLLGRAD50+YOPTY
FAHS50+NPESSY
MA25-34YNEUTY
MCSOMECOLL18-24NNEUTN
FDHS25-34YOPTN
MCSOMECOLL50+YPESSN
FBCOLLGRAD35-49YPESSY
FC25-34YNEUTN
MDSOMECOLL18-24NOPTY
MCHS25-34NOPTN
FBCOLLGRAD35-49YOPTY
FCGRADDEG50+NPESSY
MAHS25-34YPESSN
MC25-34YOPTY
FACOLLGRAD25-34YOPTN
MDCOLLGRAD50+NNEUTY
FCSOMECOLL18-24NPESSN
MBCOLLGRAD25-34NNEUTY
MCHS18-24YOPTN
MDSOMECOLL25-34YOPTY
FB35-49NNEUTY
FC50+YPESSY
MDHS25-34NOPTN
MDCOLLGRAD35-49YOPTN
FA25-34YPESSY
FDHS18-24NPESSN
MDGRADDEG25-34NNEUTY
MBCOLLGRAD50+NOPTY
FDSOMECOLL25-34NNEUTY
FBCOLLGRAD50+YOPTN
MDHS50+YPESSY
FBSOMECOLL25-34NOPTN
FBSOMECOLL35-49YOPTN
MAGRADDEG18-24NOPTY
MDCOLLGRAD50+NOPTY
MC25-34NPESSY
FAHS35-49YNEUTN
FB18-24YNEUTN
MBCOLLGRAD18-24NOPTN
FDGRADDEG50+YPESSN
FCHS25-34NPESSY
MACOLLGRAD25-34NOPTN
FDCOLLGRAD50+NNEUTY
FC18-24YPESSN
MBHS50+YOPTY
FDSOMECOLL35-49NOPTY
MCCOLLGRAD25-34NOPTN

1.)

image text in transcribed
Conduct a Chi-squared test of equal proportions to determine whether the proportion of people who consider themselves better off than they were 5 years ago is equal across education levels. Use a 5% significance level. Please state your null and alternative hypothesis. O HO: The proportion of people who consider themselves better off than they were 5 years ago is equal across education levels; H1: The proportion of people consider themselves better off than they were 5 years ago varies based on education levels. O HO: The proportion of people who consider themselves better off is equal to the proportion of people who consider themselves worse off across education levels; H1: The proportion of people who consider themselves better off is NOT equal to the proportion of people who consider themselves worse off across education levels

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