Question
A survey was conducted two years ago asking college students their top motivations for using a credit card. To determine whether this distribution haschanged, you
A survey was conducted two years ago asking college students their top motivations for using a credit card. To determine whether this distribution haschanged, 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 expecteddistribution? Use =0.025.
Response Old Survey% New Survey Frequency, f
rewards 29% 112
low rates 23% 97
cash back 22% 108
discounts 7% 47
other 19% 61
Determine the criticalvalue, 20, and the rejection region
Calculate the test statistic.
Solve for 2.
Decide whether to reject or fail to reject the null hypothesis. Then interpret the decision in the context of the original claim
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