Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An analyst wonders if the age distribution of customers coming for service in town is the same as at the mall branch. He selects 100
An analyst wonders if the age distribution of customers coming for service in town is the same as at the mall branch. | |||||||||||||
He selects 100 transactions at random from each branch and researches the age information for the associated customer. These are the data : | |||||||||||||
Age | |||||||||||||
< 30 | 30 - 55 | 56 + | Totals | ||||||||||
Distribution | In town | 24 | 37 | 39 | 100 | ||||||||
mall | 29 | 49 | 20 | 98 | |||||||||
Totals | 53 | 86 | 59 | 198 | |||||||||
Enter your answers or calculations in the yellow cells. | |||||||||||||
Write the null hypothesis regarding bank locations in town and mall branch. | |||||||||||||
H0: The age distribution of customers coming for service in town is the same as at the mall branch. | |||||||||||||
Which type of test is required (goodness of fit, independence, homogeneity)? | |||||||||||||
Homogeneity | |||||||||||||
Compute | |||||||||||||
Age Groups | |||||||||||||
< 30 | 30 - 55 | 56 + | |||||||||||
Expected (E) | In town | ||||||||||||
mall | |||||||||||||
Age Groups | |||||||||||||
< 30 | 30 - 55 | 56 + | |||||||||||
(O - E)2/E | In town | ||||||||||||
mall | |||||||||||||
What is the chi square test statistic? Note: =CHISQ.TEST does not compute the chi-squared test statistic. It computes p-value. | |||||||||||||
What is the degrees of freedom of the chi-squared test statistic? | |||||||||||||
Use Excel to compute the critical value at alpha = 0.05. | |||||||||||||
State your decision about H0 with the significance level. | |||||||||||||
Are the bank distributions the same (Yes/No)? | |||||||||||||
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