A market researcher working for the bank in Exercise wants to know if the distribution of applications
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A market researcher working for the bank in Exercise wants to know if the distribution of applications by card is the same for the past three mailings. She takes a random sample of 200 from each mailing and counts the number applying for Silver, Gold, and Platinum. The data follow:
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a) What is the null hypothesis?
b) What type of test is this?
c) What are the expected numbers for each cell if the null hypothesis is true?
d) Find the x2 statistic.
e) How many degrees of freedom does it have?
f) Find the critical value at α = 0.05.
g) What do you conclude?
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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a The null hypothesis is that the proportion of customers applying for the different types of ...View the full answer
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Related Book For 
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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