Answer: What type of problem is this lol
Step-by-step explanation:
Answer:
1.07^(-2)
Step-by-step explanation:
First, figure out what 10 to the fourth power is. This will give us 10,000.
Now, divide 107 by 10,000. That gives us 0.0107. Now put this in exponential.
In expoential, we get 1.07^(-2)
Answer: We concluded that annual income and education level are not independent.
Step-by-step explanation:
For the given situation, the null and alternate hypothesis can be formulated as:
annual income and education level are independent.
annual income and education level are not independent.
Given, the value of test statistic is 24.32 and the critical value of test statistics is 13.32.
i.e. the test statistic value is greater than the critical value, thus we have enough evidence to reject the null hypothesis.
Therefore, we reject null hypothesis .
So , we concluded that annual income and education level are not independent.