Question

Mutual funds are a popular way of investing in the stock market. A financial analyst wanted to determine the effect income had on ownership of mutual funds and whether the relationship had changed from four years earlier. She took a random sample of adults 25 years of age and older and asked each person whether he or she owned mutual funds (No = 1 and Yes = 2) and to report the annual household income. The categories are
1. Less than $25,000
2. $25,000 to $34,999
3. $35,000 to $49,999
4. $50,000 to $74,999
5. $75,000 to $100,000
6. More than $100,000
Can we infer from the data that household income and ownership of mutual funds are related?



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  • CreatedFebruary 03, 2015
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