Suppose you observe 100 people who invest their saving in common stock, preferred stock and bonds. You wanted to see if there is any difference in their investment behavior based on their
gender. A person can be in the following categories
Male- Invest common stocks
Male- Invest preferred stocks
Male- Invest bonds
Female- Invest common stocks
Female- Invest preferred stocks
Female- Invest bonds
The actual data set of 100 investors is as follows:
common
stocks
preferred
stocks
bonds Total
Males 22 20 33 75
Females 10 8 7 25
Total 32 28 40 100
Given on the above data is there any significant difference in the investments behaviors of men and
women by using the Chi-Square.