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
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