Table 11.52 provides a recent survey of the youngest online entrepreneurs whose net worth is estimated at one million dollars or more. Their ages range from 17 to 30. Each cell in the table illustrates the number of entrepreneurs who correspond to the specific age group and their net worth. Are the ages and net worth independent? Perform a test of independence at the 5% significance level. Age Group\Net Worth Value (in millions of US dollars) 1-5 6-24 _>25 Row Total 17-25 8 7 5 20 26-30 6 5 9 20 Column Total 14 12 14 40
Table 11.52 provides a recent survey of the youngest online entrepreneurs whose net worth is estimated at one million dollars or more. Their ages
Age Group\Net Worth Value (in millions of US dollars)
1-5 6-24 _>25 Row Total 17-25 8 7 5 20
26-30 6 5 9 20
Column Total 14 12 14 40
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