Consider the following side-by-side bar chart for the data below: Does the chart indicate that mode of investment is independent of age? Explain.

Question

Consider the following side-by-side bar chart for the data below:  Does the chart indicate that mode of investment is independent of age? Explain.

Quizplus · Accepted Answer

The Answer is The way clients invest for retirement does seem to be independent of age. These data provide little indication of a difference in mode of investing for retirement based on clients' ages at this firm.

Consider the Following Side-By-Side Bar Chart for the Data Below