You are asked to evaluate if there is any relationship between the experience of financial consultants and return they generate for their clients.

a)Given the table below, perform Chi Square Independence Test assess if there enough evidence that the experience and returns are independent at 0.10 level of significance?

b)At 0.025 level of significance?

	Years of Experience
	1-3 Years	4-10 Years	11+ Years
4% or more than stock market	40	75	25
Less than 4% over stock market	15	17	16

Answer rating: 100% (QA)

To perform the ChiSquare Independence Test we need to set up a contingency table based on the data p... View the full answer