A survey was conducted two years ago asking college students their top motivatio

Question

A survey was conducted two years ago asking college students their top motivations for using a credit card. The percentages are shown in the table below. Also shown in the table is the observed frequency for these motivations from a current random sample of college students who use a credit card. Old Survey Observed Survey Responses Response Rewards Low rates Cash back Discounts Other Total 27 23 21 7 110 98 107 47 63 425 100 A goodness of fit test was performed on the TI calculator and the following output was found. GOF-Test P=9, 2636902 E-5 CNTRB={" 196623 Using alpha-0.05, perform a chi-square test to determine if the probability distribution for the motivations for using a credit card changed between the two surveys.

Explanation / Answer

Answer:

C) : Do not reject H0 ;

Because there is enough to evidance to support the claim that probability distribution for the motivations for using a card changed brtween the two suveys. thats way H0 not rejected.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.