Question
In: Statistics and Probability
At a major credit card bank, the percentages of people who historically apply for the Silver,...
At a major credit card bank, the percentages of people who historically apply for the Silver, Gold and Platinum cards are 60%, 30% and 10% respectively. In a recent sample of customers responding to a promotion, of 200 customers, 113 applied for Silver, 53 for Gold and 34 or Platinum. Is there evidence to suggest that the percentages for this promotion may be different from the historical proportions?
a) What is the expected number of customers applying for each type of card in this sample if the historical proportions are still true?
b) Compute the χ2 statistic.
c) How many degrees of freedom does the χ2 statistic have?
Solutions
orchestra answered 2 years agoRelated Solutions
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Annual Interest Rate
Annual Fee
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