A financial analyst is interested in conducting an extensive study of credit card debt. He wants to

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A financial analyst is interested in conducting an extensive study of credit card debt. He wants to know whether the income of cardholders is related to the size of the debt. He compiles the data in the accompanying table. Determine whether size of debt and income level are independent. Use a 5 % level of significance.image text in transcribed

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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