Question: A random sample of 980 heads of households was taken from the customer list for State Bank and Trust. Those sampled were asked to classify their own attitudes and their parents' attitudes toward borrowing money as follows:

A: Borrow only for real estate and car purchases

B: Borrow for short-term purchases such as appliances and furniture

C: Never borrow money The following table indicates the responses from those in the study.

                         Respondent

Parent           A           B          C

A                240         80         20

B                180        120         40

C                180         80         40

Test the hypothesis that the respondents' borrowing habits are independent from what they believe their parents' attitudes to be. Let α = 0.01.