Westminster Financial has released a summary of investor and investment package information from the past...
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Westminster Financial has released a summary of investor and investment package information from the past fiscal year During this time Westminster provided a choice among several pre designed investment packages The investment packages were classified according to two variables riskiness of investment package chosen Risky Moderate mixed and Conservative and age of investor Under 35 35 49 or 50 Suppose that we re interested in the possible relationship between the age of the investor and the riskiness of the investment package the investor chose The following contingency table gives a summary of the information released by Westminster regarding age and riskiness of investment package for 150 investors In the cells of the table are the respective observed frequencies and three of the cells also have blanks Fill in these blanks with the frequencies expected if the two variables riskiness of investment package chosen and age of investor are independent Round your answers to two or more decimal places Send data to Excel Age of investor in years Under 35 35 49 50 Total Riskiness of investment package chosen Moderate mixed 13 Risky 14 10 22 12 48 30 28 0 71 Conservative Total 7 7 0 17 31 34 59 57 150 S
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