A local trade association is concerned at the level of business activity within the local region. As part of a research project a random sample of business owners were surveyed on how optimistic they were for the coming year. Based upon the contingency Table 7.3 do we have any evidence to suggest different levels of optimism for business activity (assess at 5%)? If the two variables are associated then what is the form of the association?

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Optimism level High No change Low Table 7.3 Bankers 38 16 11 Type of business Manufacturers 61 32 26 Retailers 59 27 35 Farmers 96 29 41