Question: Response Old Survey % New Survey Frequency, / A survey was conducted two years ago asking college students their top motivations for using a credit

 Response Old Survey % New Survey Frequency, / A survey was

Response Old Survey % New Survey Frequency, / A survey was conducted two years ago asking college students their top motivations for using a credit card, You think this distribution has changed. 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 27% 110 change in the distribution? Use a = 0.10. Complete parts (a) through (d)- Low rates 24% 98 Cash back 21% 108 Discounts 8 48 Other 20% 61 (b) Determine the critical value, Xo. and the rejection region. Xo = (Round to three decimal places as needed.) Choose the correct rejection region below. OA X 2 XO OB. X XO (c) Calculate the test statistic. x = (Round to three decimal places as needed.) (d) Decide whether to reject or fail to reject the null hypothesis. Then interpret the decision in the context of the original claim. | Ho. At the 10% significance level, there V enough evidence to conclude that the distribution of motivations the old survey

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