1991, a study was conducted to determine the education levels of people who declare bankruptcy. The percentages are show
Posted: Mon Jul 11, 2022 11:26 am
In 1991, a study was conducted to determine the education levels of people who declare bankruptcy. The perc of individuals who files for bankruptcy in 2017. Use these data to complete parts a through c. Probability 1991 (%) 21.6% 30.2% 35.0% 9.8% Education level No high school diploma High school diploma Some college College diploma Advanced degree Total 3.4% 100% Observed Frequency 2017 11 37 65 17 5 135 a. Using a = 0.025, perform a chi-square test to determine if the probability distribution for the education levels of F What is the null hypothesis, Ho? OA. The distribution of education levels is 11 no high school diploma, 37 high school diploma, 65 some college. OB. The distribution of education levels differs from the claimed or expected distribution. OC. The distribution of education levels is 21.6% no high school diploma 30 20/ hinh t hamn 25 nor com
What is the null hypothesis? Calculate the test statistic. Find the expected frequencies. Solve for the test statistics X^2 Determine the p-value and interpret the meaning. What conclusion can be drawn about the motivation behind the use of a credit card by college students between the two surveys?