Use the table below to calculate the expected frequencies, and then enter the numbers associated with...

Transcribed Image Text:

Use the table below to calculate the expected frequencies, and then enter the numbers associated with each lettered cell. Give two decimal places in your answers. Hint: Think about how the totals in this table should relate to the totals in the previous table. Expected Frequencies of Payment Type by Age Group Age Group Payment 45 and 18-24 25-34 35-44 Total over Plastic A B D E Cash F G H | J Total K L N The value for cell A is The value for cell B is The value for cell C is The value for cell D is The value for cell E is The value for cell F is The value for cell G is The value for cell H is The value for cell I is The value for cell J is The value for cell K is The value for cell L is The value for cell M is The value for cell N is The value for cell O is Calculate the value of the - test statistic. X Calculate the degrees of freedom State your conclusion in business terms. What implication does this result have for companies like Visa? In other words, what should Visa do with this information? Use the table below to calculate the expected frequencies, and then enter the numbers associated with each lettered cell. Give two decimal places in your answers. Hint: Think about how the totals in this table should relate to the totals in the previous table. Expected Frequencies of Payment Type by Age Group Age Group Payment 45 and 18-24 25-34 35-44 Total over Plastic A B D E Cash F G H | J Total K L N The value for cell A is The value for cell B is The value for cell C is The value for cell D is The value for cell E is The value for cell F is The value for cell G is The value for cell H is The value for cell I is The value for cell J is The value for cell K is The value for cell L is The value for cell M is The value for cell N is The value for cell O is Calculate the value of the - test statistic. X Calculate the degrees of freedom State your conclusion in business terms. What implication does this result have for companies like Visa? In other words, what should Visa do with this information?