Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please calculate the test statistic and fill in this: (BLANK) H0 At the 5?% significance? level, there is enough evidence to conclude that the distribution

Please calculate the test statistic and fill in this: (BLANK) H0

At the 5?% significance? level, there is enough evidence to conclude that the distribution of motivations (Blank) the old survey.

image text in transcribed
A survey was conducted two years ago asking college students their top motivations for using a credit card. You think this distribution has changed. You randomly select 425 college students and Response Old Survey % New Survey Frequency, f ask each one what the top motivation is for using a credit card. Can you conclude that there has been a change in the distribution? Use a = 0.05. Complete parts (a) through (d). Rewards 27% 111 Low rates 23% 98 Cash back 21% 107 Discounts 7% 46 Other 22% 63 What is the null hypothesis, Ho? A. The distribution of motivations is 27% rewards, 23% low rate, 21% cash back, 7% discounts, and 22% other. O B. The distribution of motivations is 111 rewards, 98 low rate, 107 cash back, 46 discounts, and 63 other. O C. The distribution of motivations differs from the old survey. What is the alternate hypothesis, Ha? O A. The distribution of motivations is 27% rewards, 23% low rate, 21% cash back, 7% discounts, and 22% other. B. The distribution of motivations differs from the old survey. O C. The distribution of motivations is 111 rewards, 98 low rate, 107 cash back, 46 discounts, and 63 other. Which hypothesis is the claim? O Ho Ha (b) Determine the critical value, X , and the rejection region. Xo= 9.488 (Round to three decimal places as needed.) Choose the correct rejection region below. OA. XSXO B. X > XO Oc. x zx's OD. X

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Theory Of Distributions

Authors: Svetlin G Georgiev

1st Edition

3319195271, 9783319195278

More Books

Students also viewed these Mathematics questions

Question

At which conferences do students regularly present?

Answered: 1 week ago

Question

Values: What is important to me?

Answered: 1 week ago

Question

Purpose: What do we seek to achieve with our behaviour?

Answered: 1 week ago

Question

An action plan is prepared.

Answered: 1 week ago