Suppose Capital One would like to determine if the type of credit card influences the payment status of a customer’s account. The following table indicates the card type for 200 randomly selected customers, along with the number of days their payments were overdue:
a. Using α = 0.05, perform a chisquare test to determine if the credit card type and payment status are independent of one another.
b. What conclusions can be made based on these results?
c. Determine the pvalue using Excel and interpret its meaning.
d. Verify your results using pvalue.

  • CreatedJuly 28, 2015
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