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Question
An insurance firm interviewed a random sample of 600 college students to find out the type of life insurance preferred, if any. The results are shown in the table below. Is there evidence that life insurance preference of male students is different than that of female students. Test at the 5% significance level.| Insurance Preference | |||||
| Gender | Term | Whole Life | No Insurance | ||
| Male | 80 | 30 | 240 | 350 | |
| Female | 50 | 40 | 160 | 250 | |
| 130 | 70 | 400 | 600 | ||
Answer
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