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 p_value using Excel and interpret its meaning.

d. Verify your results using p_value.

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Days Overdue 30 days or less 31-60 days 61 days or more Standard 76 12 12 Card Type Gold 40 10 Platinum 30