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=0.10. Complete parts (a) through (d). a. State Ho and H₂ and identify the claim. What is the null hypothesis, Ho? OA. The distribution of motivations is 28% rewards, 23% low rate, 21% cash back, 8% discounts, and 20% other. OB. The distribution of motivations differs from the old survey. OC. The distribution of motivations is 112 rewards, 96 low rate, 108 cash back, 48 discounts, and 61 other. Response Rewards Low rates Cash back Discounts Other Old Survey % New Survey Frequency, 28% 23% f 112 96 108 21% 8% 20% 48 61

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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 = 0.10. Complete parts (a)
through (d).
a. State Ho and Ha and identify the claim.
What is the null hypothesis, Ho?
OA. The distribution of motivations is 28% rewards, 23% low rate, 21% cash back, 8% discounts, and 20% other.
OB. The distribution of motivations differs from the old survey.
OC. The distribution of motivations is 112 rewards, 96 low rate, 108 cash back, 48 discounts, and 61 other.
Response
Rewards
Low rates
Cash back
Discounts
Other
Old Survey % New Survey Frequency,
28%
23%
21%
8%
20%
f
112
96
108
48
61
Transcribed Image Text: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 = 0.10. Complete parts (a) through (d). a. State Ho and Ha and identify the claim. What is the null hypothesis, Ho? OA. The distribution of motivations is 28% rewards, 23% low rate, 21% cash back, 8% discounts, and 20% other. OB. The distribution of motivations differs from the old survey. OC. The distribution of motivations is 112 rewards, 96 low rate, 108 cash back, 48 discounts, and 61 other. Response Rewards Low rates Cash back Discounts Other Old Survey % New Survey Frequency, 28% 23% 21% 8% 20% f 112 96 108 48 61
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