Question
a report describes a study conducted by a bank. data consistent with summary values given in the report are summarized in the table. suppose that
a report describes a study conducted by a bank. data consistent with summary values given in the report are summarized in the table. suppose that this data resulted from a random sample of 800 adult Americans age 20 to 39 years old whave at least one credit card. each person in the sample was classified according to age with possible categories of 20 to 24 years 25 to 29 years 30 to 34 years and 35 to 39 years. the people in the sample were also classified according to whether or not they pay the full balance on their credit cards each month or sometimes or always carry over a balance from month to month.
pay full balance carry balance from
each month month to month
age 20 to 24 75 95
age 25 to 29 69 128
age 30 to 34 75 145
age 35 to 39 72 141
find the test statistic and P value. use SALT. round your test statistic to three decimal places and your P value to four decimal places.
Step by Step Solution
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