Question: data table attached below Suppose a credit card company would like to determine if the type of credit card inuences the payment status of a

data table attached below

data table attached below Suppose a credit card company would like todetermine if the type of credit card inuences the payment status ofa customer's account The following table indicates the card type for 200randomly selected customers, along with the number of days their payments were

Suppose a credit card company would like to determine if the type of credit card inuences 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. Complete parts a. through c. below. a Click the icon to view the contingency table. a. Using or: 0.10, perform a chisquare test to determine ifthe credit card type and payment status are independent of one another. Identify the null and alternative hypotheses for a chisquare test of independence based on the information in the table. Choose the conect answer below. {12- . H0: The variables Standard, Gold, Platinum, 3|] days or less, 3150 days, and 61 days or more are independent. H1: None of the variables are independent. B. H03 The variables Standard, lGold, Platinum, 30 days or less, 3150 days, and 61 days or more are independent. H1: At least one ofthe variables is not independent. LEVC. HD: Credit card type and payment status are independent of one another. H1: Credit card type and payment status are not independent of one another. '.:,-:l' D. HD: Credit card type and payment status are not independent of one another. H1: Credit card type and payment status are independent of one another. Find the chisquare test statistic. 12 = 1.14' {Round to two decimal places as needed.) Using a = 0.11]. nd the chi-square critical vaiue, xi. 1: = 718' [Round to two decimal places as needed.) Determine the result of the test. The test statistic x2 is less than the critical value 13, so do not reject' the null hypoti'lesis. b. What conclusions can be made based on these results? There is insuicien? evidence to indicate that credit card type and payment status are not independent of one another.' c. Determine the pvalue using technology and interpret its meaning. pvalue = 0383' (Round to three decimal places as needed.) Interpret the meaning of the pvalue. The p-value is the probability of observing a test statistic' as extreme or more extreme than the one observed under the assumption that the nul hypothesis ' is tIue.A pvalue less than the signicance level or means that the test statistic is unlikely? enough that the null hypothesis should he rejected. For this test, the pvalue is greater that: u: 0.10, so do not reiec? the null hypothesis. credit card type and payment status are not independent of one another.' There is insufcient evidence to indicate that I Contingency table X Card Type Days Overdue Standard Gold Platinum 30 days or less 77 33 31 31-60 days 14 9 61 days or more 14 Print Done

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