According to a 2016 report, 38% of 18-to-20-year-old students use credit cards for everyday purchases. Suppose a local b
Posted: Mon Nov 15, 2021 10:26 am
- According To A 2016 Report 38 Of 18 To 20 Year Old Students Use Credit Cards For Everyday Purchases Suppose A Local B 1 (68.36 KiB) Viewed 76 times
Critical value?
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According to a 2016 report, 38% of 18-to-20-year-old students use credit cards for everyday purchases. Suppose a local bank believes that this share will increase over time because of shopping behaviors of students. To test this hypothesis, a random sample of 311 students was selected, 143 of whom use credit cards for everyday purchases. Using a = 0.01, complete parts a through c. = a. State the null and alternative hypothesis. Let p be the population proportion. Determine the null hypothesis, Ho, and the alternative hypothesis, Hq. Ho:p Hy:p (Type integers or decimals. Do not round.)