Question: Problem 2: A recent sample of 310 randomly selected purchases on the New York Stock Exchange were classified according to the annual income of the

Problem 2: A recent sample of 310 randomly selected purchases on

Problem 2: A recent sample of 310 randomly selected purchases on the New York Stock Exchange were classified according to the annual income of the buyer and the price of a single share of the purchased stock. Test to see whether the buyer's annual income and price per share of stock are dependent. Please follow the testing process step-by-step as outlined in the lecture slides. (Present the contingency table.) Share Price Less than $10 $10 - $29.99 $30 - $49.99 $50 or more Less than $20,000 30 22 9 2 Annual Income $20,000 - 50,000 31 43 50 24 More than $50,000 4 29 38 28 [12 marks]

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