Question: During the recent economic recession many families faced hard times
During the recent economic recession, many families faced hard times financially. Some studies observed that more people stopped buying name brand products and started buying less expensive store brand products instead. Data produced by a recent sample of 700 adults on whether they usually buy store brand or name brand products are recorded in the following table.
Using a 1% significance level, can you reject the null hypothesis that the two attributes, gender and buying name or store brand products, are independent?
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