A random sample of 1000 heads of households was taken from a customer list for a...
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A random sample of 1000 heads of households was taken from a customer list for a bank. The accompanying table indicates the responses from those in the study. Test the hypothesis that the respondents' borrowing habits are independent from what they believe their parents' attitudes to be. Let α=0.01. Click the icon to view the table of responses. Determine the null hypothesis and alternative hypothesis. Choose the correct answer below. A. Ho: The respondents' borrowing habits are not independent from what they believe their parents' attitudes to be. HA: The respondents' borrowing habits are independent from what they believe their parents' attitudes to be. B. Ho: The respondents' borrowing habits are independent from what they believe their parents' attitudes to be. HA: The respondents' borrowing habits are not independent from what they believe their parents' attitudes to be. OC. Ho: The proportion of each group is equal. HA: At least one proportion is different. D. Ho: At least one proportion is different. HA: The proportion of each group is equal. Calculate the chi-square test statistic. x² = - (Round to two decimal places as needed.) Incorre Data table of survey responses Those sampled were asked to classify their own attitudes and their parents' attitudes towards borrowing money as follows: A: Borrow only for real estate and car purchases B: Borrow for short-term purchases such as appliances and furniture C: Never borrow money Parent ABC A 230 180 190 Respondent 80 110 90 C 30 50 40 X A random sample of 1000 heads of households was taken from a customer list for a bank. The accompanying table indicates the responses from those in the study. Test the hypothesis that the respondents' borrowing habits are independent from what they believe their parents' attitudes to be. Let α=0.01. Click the icon to view the table of responses. Determine the null hypothesis and alternative hypothesis. Choose the correct answer below. A. Ho: The respondents' borrowing habits are not independent from what they believe their parents' attitudes to be. HA: The respondents' borrowing habits are independent from what they believe their parents' attitudes to be. B. Ho: The respondents' borrowing habits are independent from what they believe their parents' attitudes to be. HA: The respondents' borrowing habits are not independent from what they believe their parents' attitudes to be. OC. Ho: The proportion of each group is equal. HA: At least one proportion is different. D. Ho: At least one proportion is different. HA: The proportion of each group is equal. Calculate the chi-square test statistic. x² = - (Round to two decimal places as needed.) Incorre Data table of survey responses Those sampled were asked to classify their own attitudes and their parents' attitudes towards borrowing money as follows: A: Borrow only for real estate and car purchases B: Borrow for short-term purchases such as appliances and furniture C: Never borrow money Parent ABC A 230 180 190 Respondent 80 110 90 C 30 50 40 X
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Business Statistics a decision making approach
ISBN: 978-0133021844
9th edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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