Reference no: EM131684349

Question: During the recent economic recession, many families faced hard times financially. Some studies observed that more people stopped buying name brand products and started buying less expensive store brand products instead. Data produced by a recent sample of 700 adults on whether they usually buy store brand or name brand products are recorded in the following table.

                                 More Often Buy

                       Name Brand           Store Brand

Men                      150                      165

Women                  160                      225

Using the 1% significance level, can you reject the null hypothesis that the two attributes, gender and buying name or store brand products, are independent?