Question: At a major credit card bank the percentages of people

At a major credit card bank, the percentages of people who historically apply for the Silver, Gold, and Platinum cards are 60%, 30%, and 10%, respectively. In a recent sample of customers responding to a promotion, of 200 customers, 110 applied for Silver, 55 for Gold, and 35 for Platinum. Is there evidence to suggest that the percentages for this promotion may be different from the historical proportions?
a) What is the expected number of customers applying for each type of card in this sample if the historical proportions are still true?
b) Compute the x2 statistic.
c) How many degrees of freedom does the x2 statistic have?

View Solution:

Sale on SolutionInn
  • CreatedMay 15, 2015
  • Files Included
Post your question