A survey was conducted two years ago asking college students their top motivations for using a credit card. You think this distribution has changed. You randomly select 425 college students and ask each one what the top motivation is for using a credit card. Can you conclude that there has been a change in the distribution? Use a=0.025. Complete parts (a) through (d). Response Old Survey % 28% New Survey Frequency, f Rewards Low rates Cash back Discounts Other 112 24% 98 22% 107 7% 19% 48 60 Which hypothesis is the claim? O H. O H, (b) Determine the critical value, Yo. and the rejection region. Y-(Round to three decimal places as needed.) Choose the correct rejection region below. OB. x OD. X sx (c) Calculate the test statistic. X -(Round to three decimal places as needed.) (d) Decide whether to reject or fail to reject the null hypothesis. Then interpret the decision in the context of the original claim Ho. Al the 2.5% significance level, there Venough evidence to conclude that the distribution of motivations Vthe old survey
A survey was conducted two years ago asking college students their top motivations for using a credit card. You think this distribution has changed. You randomly select 425 college students and ask each one what the top motivation is for using a credit card. Can you conclude that there has been a change in the distribution? Use a=0.025. Complete parts (a) through (d). Response Old Survey % 28% New Survey Frequency, f Rewards Low rates Cash back Discounts Other 112 24% 98 22% 107 7% 19% 48 60 Which hypothesis is the claim? O H. O H, (b) Determine the critical value, Yo. and the rejection region. Y-(Round to three decimal places as needed.) Choose the correct rejection region below. OB. x OD. X sx (c) Calculate the test statistic. X -(Round to three decimal places as needed.) (d) Decide whether to reject or fail to reject the null hypothesis. Then interpret the decision in the context of the original claim Ho. Al the 2.5% significance level, there Venough evidence to conclude that the distribution of motivations Vthe old survey
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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