Refer to the data for problem 8. a. Find the critical value from the chi-squared table for

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Refer to the data for problem 8. 

a. Find the critical value from the chi-squared table for the 5% level and report the result of the chi-squared test. 

b. Find the critical value from the chi-squared table for the 1% level and report the result of the chi-squared test. 

c. Find the critical value from the chi-squared table for the 0.1% level and report the result of the chi-squared test. 

d. State your conclusions (with p-value reported as p>0.05, p<0.05, p<0.01, or p<0.001) and discuss the results in practical terms.


Data from Problem 8

Consider the results of a small opinion poll concerning the chances of another stock market crash in the next 12 months comparable to the crash of 1987, shown in Table 17.4.4. 


TABLE 17.4.4 Responses to the Opinion Poll on the Chances of Another Big Crash in the Stock Market Total Stockholders No

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