Question: =+14.8. A financial consultant is interested in testing whether the proportion of debt that exceeds equity is the same irrespective of the magnitude of the

=+14.8. A financial consultant is interested in testing whether the proportion of debt that exceeds equity is the same irrespective of the magnitude of the firm’s assets. Sixty-two firms are classified into three groups according to asset size and data in Table 2 are obtained on the numbers with debt greater then equity. Carry out the test.

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