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. What is the value of the test statistic?
A)306.25
B)0.00
C)54.44
D)13.61

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.  What is the value of the test statistic?
A)306.25 
B)0.00 
C)54.44 
D)13.61

Quizplus · Accepted Answer

We cannot determine the test statistic from the information provided in the question, as no calculation has been given. The test statistic would depend on the specific test used, such as a chi-squared test or a logistic regression, and the output of that test.

You Want to Test the Hypothesis That the Prime Rate