A study of purchases at a 24-hour supermarket recorded two categorical variables: the time of the purchase (8a.mto 8p.mvs. late night) and whether the purchase was made by someone with children present. Would you expect these variables to be associated?
Among other services, Standard and Poor’s (S&P) rates the risk of default for corporate bonds. AAA bonds are top rated (smallest chance of default), followed by AA, A, BBB, BB, B, CCC, CC, and last D. In a table of bond ratings crossed with the presence or absence of default, would you expect to see association?
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