Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A random sample of 1000 heads of households was taken from a customer list for a bank. The accompanying table indicates the responses from
A random sample of 1000 heads of households was taken from a customer list for a bank. The accompanying table indicates the responses from those in the study. Test the hypothesis that the respondents' borrowing habits are independent from what they believe their parents' attitudes to be. Let =0.01. Click the icon to view the table of responses. Determine the null hypothesis and alternative hypothesis. Choose the correct answer below. A. Ho: The respondents' borrowing habits are not independent from what they believe their parents' attitudes to be. HA: The respondents' borrowing habits are independent from what they believe their parents' attitudes to be. B. Ho: The respondents' borrowing habits are independent from what they believe their parents' attitudes to be. HA: The respondents' borrowing habits are not independent from what they believe their parents' attitudes to be. OC. Ho: The proportion of each group is equal. HA: At least one proportion is different. D. Ho: At least one proportion is different. HA: The proportion of each group is equal. Calculate the chi-square test statistic. x = - (Round to two decimal places as needed.) Incorre Data table of survey responses Those sampled were asked to classify their own attitudes and their parents' attitudes towards borrowing money as follows: A: Borrow only for real estate and car purchases B: Borrow for short-term purchases such as appliances and furniture C: Never borrow money Parent ABC A 230 180 190 Respondent 80 110 90 C 30 50 40 X
Step by Step Solution
★★★★★
3.44 Rating (160 Votes )
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started