The report referenced in the previous exercise also provided data on perception of money management skills by age group. Use the data from 788 people, in the accompanying table to determine if there is evidence of an association between age and perception of money management skills. Because some of the expected values are less than 5, construct a new table that combines the not very good and the poor categories. Use a significance level of 0.05.

Previous exercise

Perception of Money Management Skills Not Very Excellent Good Average Good Poor 73 Age 18 to 20 Age 21 to 22 Age 23 to 24 146 104 17 8. 54 103 85 10 3 58 84 36