You want to test the hypothesis that the prime rate and inflation are independent.The following table is prepared for the test on the basis of the results of a random sample,collected in various countries and various time periods,shown below. Using α = .05,which is the critical value of the test statistic that you would use?
A)3.841
B)12.59
C)5.991
D)7.815

Question

You want to test the hypothesis that the prime rate and inflation are independent.The following table is prepared for the test on the basis of the results of a random sample,collected in various countries and various time periods,shown below.  Using α = .05,which is the critical value of the test statistic that you would use?
A)3.841 
B)12.59 
C)5.991 
D)7.815

Quizplus · Accepted Answer

The Answer of You want to test the hypothesis that the prime rate and inflation are independent.The following table is prepared for the test on the basis of the results of a random sample,collected in various countries and various time periods,shown below.  Using α = .05,which is the critical value of the test statistic that you would use?
A)3.841 
B)12.59 
C)5.991 
D)7.815

You Want to Test the Hypothesis That the Prime Rate