A large brokerage firm wants to determine whether the service it provides to affluent clients differs from

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A large brokerage firm wants to determine whether the service it provides to affluent clients differs from the service it provides to lower-income clients. A sample of 500 clients is selected, and each client is asked to rate his or her broker. The results are shown in Table 10.7.

a. Test to determine whether there is evidence that broker rating and customer income are dependent. Use α = .05.

b. Graph the data and describe the patterns revealed. Is the result of the test supported by the plot?Table 10.7 Survey Results (Observed Clients), Example 10.3 Client's Income Broker Rating Outstanding Average

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Statistics For Business And Economics

ISBN: 9781292227085

13th Global Edition

Authors: Terry Sincich James Mcclave, P. George Benson

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