Q.6.2 The financial manager of a national warehouse chain has found from previous experience that 60% of clients pay by

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Q.6.2 The financial manager of a national warehouse chain has found from previous experience that 60% of clients pay by

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Q 6 2 The Financial Manager Of A National Warehouse Chain Has Found From Previous Experience That 60 Of Clients Pay By 1
Q 6 2 The Financial Manager Of A National Warehouse Chain Has Found From Previous Experience That 60 Of Clients Pay By 1 (39.42 KiB) Viewed 32 times
Q.6.2 The financial manager of a national warehouse chain has found from previous experience that 60% of clients pay by credit card, 30% pay on account, while the remainder pay using cash. He wishes to know if this is still the case. A random sample of 1000 sales receipts from the last month produced the following results: Payment Method Credit Card Account Cash Total Number of receipts 620 260 120 1000 Using a 5% significance level, test whether the payment method pattern has changed.
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