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    Chi square test Baby boomers

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    Are baby boomers more likely to increase their investing now that they are reaching middle age? A poll was conducted in which 400 investors were classified according to their age group and their likely investment over the next five years versus the last five years. 200 investors were included from each group.
    Age Group More Less Some
    35-54 90 18 92
    55+ 40 60 100
    Does the data provide sufficient information to conclude that the investment patterns of the baby boomer age group differs from that of the older age group?
    Determine the following:
    1. Purpose
    2. Research question
    3. Research hypothesis
    4. Null hypothesis
    5. Statistical test

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    https://brainmass.com/statistics/chi-squared-test/chi-square-test-baby-boomers-156030

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    Are baby boomers more likely to increase their investing now that they are reaching middle age? A poll was conducted in which 400 investors were classified according to their age group and their likely investment over the next five years versus the last five years. 200 investors were included from each group.
    Age Group More Less Some
    35-54 90 18 92
    55+ 40 60 100
    Does the data provide sufficient information to conclude that the investment patterns of the baby boomer age group differs from that of the older age group?
    Determine the ...

    Solution Summary

    Step by step method for testing the hypothesis under 5 step approach is discussed here. Excel template for each problem is also included. This template can be used to obtain the answers of similar problems.

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