Question: How do you compute A survey was conducted two years ago asking college students their top motivations for using a credit card. You think this
How do you compute

A survey was conducted two years ago asking college students their top motivations for using a credit card. You think this distribution has changed. Response Old Survey % New Survey Frequency, f You randomly select 425 college students and ask each one what the top motivation is for using a credit card. Can you conclude that there has been a Rewards 29% 112 change in the distribution? Use & = 0.05. Complete parts (a) through (d). Low rates 23% 96 Cash back 22% 108 Discounts 8% 46 Other 18% 63 a. State Ho and H, and identify the claim. What is the null hypothesis, Ho? O A. The distribution of motivations is 112 rewards, 96 low rate, 108 cash back, 46 discounts, and 63 other. O B. The distribution of motivations is 29% rewards, 23% low rate, 22% cash back, 8% discounts, and 18% other. O C. The distribution of motivations differs from the old survey. What is the alternate hypothesis, H,? O A. The distribution of motivations is 29% rewards, 23% low rate, 22% cash back, 8% discounts, and 18% other. O B. The distribution of motivations differs from the old survey. O C. The distribution of motivations is 112 rewards, 96 low rate, 108 cash back, 46 discounts, and 63 other
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