A survey was conducted two years ago asking college students their top motivations for using a credit card. To determine whether 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 claimed or expected distribution? Use a= 0.05. Complete parts (a) through (d). New Survey Frequency, f 112 Response Old Survey % Rewards Low rates Cash back Discounts Other 27% 97 23% 21% 108 9% 48 20% 60 a. State Ho and H, and identify the claim. What is the null hypothesis, Ho? O A. The distribution of motivations is 27% rewards, 23% low rate, 21% cash back, 9% discounts, and 20% other. O B. The distribution of motivations is 112 rewards, 97 low rate, 108 cash back, 48discounts, and 60 other. O C. The distribution of motivations differs from the expected distribution. What is the alternate hypothesis, H3? O A. The distribution of motivations differs from the claimed or expected distribution. The distribution of mntivations is 27% rewards 23% low rate 21% cash hark 9% disCounts and 20% other

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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New Survey
A survey was conducted two years ago asking college students their top motivations for using a credit
card. To determine whether 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 claimed or expected distribution? Use a= 0.05. Complete parts (a) through (d).
Old Survey %
Frequency, f
112
Response
Rewards
27%
23%
97
Low rates
Cash back
Discounts
Other
21%
108
9%
48
20%
60
a. State H, and H, and identify the claim.
What is the null hypothesis, Ho?
O A. The distribution of motivations is 27% rewards, 23% low rate, 21% cash back, 9% discounts, and 20% other.
O B. The distribution of motivations is 112 rewards, 97 low rate, 108 cash back, 48discounts, and 60 other.
O C. The distribution of motivations differs from the expected distribution.
What is the alternate hypothesis, H2?
O A. The distribution of motivations differs from the claimed or expected distribution.
OR The distribution of motivations is 27% rewNards 23% low rate 21%a cash hack 9% discounts and 20%% other
Transcribed Image Text:New Survey A survey was conducted two years ago asking college students their top motivations for using a credit card. To determine whether 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 claimed or expected distribution? Use a= 0.05. Complete parts (a) through (d). Old Survey % Frequency, f 112 Response Rewards 27% 23% 97 Low rates Cash back Discounts Other 21% 108 9% 48 20% 60 a. State H, and H, and identify the claim. What is the null hypothesis, Ho? O A. The distribution of motivations is 27% rewards, 23% low rate, 21% cash back, 9% discounts, and 20% other. O B. The distribution of motivations is 112 rewards, 97 low rate, 108 cash back, 48discounts, and 60 other. O C. The distribution of motivations differs from the expected distribution. What is the alternate hypothesis, H2? O A. The distribution of motivations differs from the claimed or expected distribution. OR The distribution of motivations is 27% rewNards 23% low rate 21%a cash hack 9% discounts and 20%% other
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