Posted: June 16th, 2021
1) You want to test the hypothesis that the prime rate and inflation are independent. The following table is prepared for the test on the basis of the result of a random sample, collected in various countries and various time periods: Prime Rate Inflation rates 6 Feb 10 Jul 20 Nov Row Total Under 5% 40 30 5 75 5% or more 5 30 40 75 Col Total 45 60 45 150 Based on an analysis of the data in this table, which conclusion can be made at a=.01?
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