Question: Do Generation X and Boomers differ in how they use credit cards? A sample of 1,000 Generation X and 1,000 Boomers revealed the following results:

Do Generation X and Boomers differ in how they use credit cards? A sample of 1,000 Generation X and 1,000 Boomers revealed the following results:

PAY FULL EACH MONTH GENERATION AMOUNT Generation X Boomers 440 Total 1,070 930 630 370 1,000 Yes No 560 1,000 Total 2,00


a. If a respondent selected is a member of Generation X, what is the probability that he or she pays the full amount each month?

b. If a respondent selected is a Boomer, what is the probability that he or she pays the full amount each month?

c. Is payment each month independent of generation?

PAY FULL EACH MONTH GENERATION AMOUNT Generation X Boomers 440 Total 1,070 930 630 370 1,000 Yes No 560 1,000 Total 2,000

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