Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An analyst at a local bank wonders if the age distribution of customers coming for service at his branch in town is the same as
An analyst at a local bank wonders if the age distribution of customers coming for service at his branch in town is the same as at a branch located near the mall. He selects 100 transactions at random from each branch and researches the age information for the associated customer. These are the data :
Age | ||||||||||||||
less than 30 | 30-55 | 56 or older | Total | |||||||||||
In town | 25 | 37 | 38 | 100 | ||||||||||
mall | 30 | 48 | 22 | 100 | ||||||||||
Total | 55 | 85 | 60 | 200 | ||||||||||
1 | What is the null hypothesis if you want to check if the age patterns of customers are independent of bank location? |
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