0
$\begingroup$

I have the problem where it presents the table of

Asset Size ____ Yes __ No

Under \$100 ____ 63 ___309

101 - \$200 _____59 ___ 132

\$201 or more ___112 __ 85

The question asks: Summarize the results of this survey question numerically and graphically.

For the graphically part I was just going to draw a bar graph with the number of responses for yes and no next to each other according to their asset sizes. Would this be right? Also, how am I supposed to summarize it numerically? This question came from the chi-squared section of my book if that helps any. (I have to do the chi-squared calculation in the next part, but I know how to do this).

EDIT: I went ahead and did the second part. However, I ended up getting a $X^2$ value of 96.306. With a df of 2. P < 0.0005. Is this correct?

$\endgroup$
0

1 Answer 1

0
$\begingroup$

You could draw a chi square table (although it wouldn't be 2x2) and have two columns (yes/no) and three rows for each of the levels of assets. Numerically, you could work out the percentages.

http://www.statisticshowto.com/what-is-a-chi-square-statistic/ - this site might help in calculating the correct answer.

Remember to compare the value you get to the critical values in a chi square table - if you do this properly, then you should have the right answer.

By p<0.0005 do you mean p<0.05?

$\endgroup$

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.