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Westminster Financial has released a summary of investor and investment package information from the past fiscal year. During this time, Westminster provided a choice
Westminster Financial has released a summary of investor and investment package information from the past fiscal year. During this time, Westminster provided a choice among several pre-designed investment packages. The investment packages were classified according to two variables: riskiness of investment package chosen ("Risky", "Moderate/mixed", and "Conservative") and age of investor ("Under 35", "35-49", or "50+"). Suppose that we're interested in the possible relationship between the age of the investor and the riskiness of the investment package the investor chose. The following contingency table gives a summary of the information released by Westminster regarding age and riskiness of investment package for 150 investors. In the cells of the table are the respective observed frequencies, and three of the cells also have blanks. Fill in these blanks with the frequencies expected if the two variables, riskiness of investment package chosen and age of investor, are independent. Round your answers to two or more decimal places. Send data to Excel Riskiness of investment package chosen Risky Moderate / mixed Conservative Total 14 13 7 Under 35 34 22 30 7 Age of 35-49 59 investor (in years) 12 28 17 50+ 57 57 Total 48 71 31 150
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