Borrowing and Education A financial aid officer is studying the relationship between who borrows money for college in a family and the income of the family. As part of the study, 1611 families are...


Borrowing and Education A financial aid officer is studying the relationship between who borrows money for college in a family and the income of the family. As part of the study, 1611 families are randomly selected and the resulting data are organized as shown in the contingency table. At a = 0.01,


can you conclude that who borrows money for college in a family is related to the income of the family?


































Family income



Student only



Parent only



Both



No one



Less than $35,000



168



40



20



266



$35,000 –$100,000



255



85



46



386



Greater than $100,000



62



38



17



228





May 26, 2022
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