Does money buy happiness? This is an age-old question. A random sample of 1993 subjects were asked to rate their happiness (Not too happy, Pretty happy, or Very happy) and also report their level of income (Above average, average, below average). The table of the observations is presented below. Income Not too happy Pretty happy Very happy Total Above Average 26 233 164 423 Average 117 473 293 883 Below Average 172 383 132 687 Total 315 1089 589 1993

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