Stella wants to build up her emergency fund to $10,000. She has $2,000 now and plans on saving $320 every month. To model the si
tuation, she creates this equation, where x represents the number of months and y represents the total amount in her emergency fund:
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Answer:
And the critical value for the significance level used is:
Since the calculated value is less than the critical value we have enough evidence to FAIL to reject the null hypothesis and we can conclude that the College graduation status and cola preference are independent
Step-by-step explanation:
For this case we want to test the following hypothesis:
Null hypothesis: College graduation status and cola preference are independent
Alternative hypothesis: College graduation status and cola preference are dependent
For this case we got a calculated statistic of:
And the critical value for the significance level used is:
Since the calculated value is less than the critical value we have enough evidence to FAIL to reject the null hypothesis and we can conclude that the College graduation status and cola preference are independent