Four investment companies were asked in a survey to rate the effect on their asset values of
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Four investment companies were asked in a survey to rate the effect on their asset values of a 1 percentage point fall in stockmarket prices. The effect on asset values was rated using a 3-point scale, with 1 for no effect, 2 for a slight effect and 3 for a moderate effect. Actual (observed) counts of the responses are shown in the following table. Is the effect on asset values independent of the company? Let ? = 0.01.
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Effect on asset values Slight Moderate Company None Total 27 22 38 37 124 60 71 57 54 242 94 107 110 109 420 14 15 18 54 Total
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Effect On Asset Values Company None Slight Moderate Total A 60 27 7 94 B 71 ...View the full answer
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Related Book For
Business Analytics And Statistics
ISBN: 9780730363330
1st Edition
Authors: Ken Black, John Asafu Adjaye, Paul Burke, Nelson Perera, Carl Sherwood, Saleh A. Wasimi
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