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Name: Suppose a credit card company would like to determine if the type of c
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Description: Suppose a credit card company would like to determine if the type of credit card influences the payment status of a customer's account. The following table indicates the card type for 200 randomly selected customers, along with the number of days t

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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Suppose a credit card company would like to determine if the type of credit card influences the payment status of a customer's account. The following table indicates the card type for 200 randomly selected customers, along with the number of days their payments were overdue.

Days Overdue	Standard	Gold	Platinum
30 days or less	75	38	31
31–60 days	11	10	7
61 days or more	14	8	6

Determine the p-value using technology and interpret its meaning.

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