Exhibit 12.5 In the following table,individuals are cross-classified by their age group and income level. Refer to Exhibit 12.5.The p-value is:
A)Less than 0.01
B)Between 0.01 and 0.05
C)Between 0.05 and 0.10
D)Greater than 0.10

Question

Exhibit 12.5 In the following table,individuals are cross-classified by their age group and income level.  Refer to Exhibit 12.5.The p-value is:
A)Less than 0.01 
B)Between 0.01 and 0.05 
C)Between 0.05 and 0.10 
D)Greater than 0.10

Quizplus · Accepted Answer

The p-value is given as 0.037, which falls between 0.01 and 0.05. Therefore, the best choice is B, meaning the test is significant at the 5% level of significance.