Visa card benefits

SOLVED: Visa Card USA studied how frequently consumers of various age groups use plastic cards (debit and credit cards) when making purchases (Associated Press, January 16,2006 ). Sample data for 300 customers show the use of plastic cards by four age groups. a. Test for the independence between method of payment and age group. What is the p -value? Using α=.05, what is your conclusion?b. If method of payment and age group are not independent, what observation can you make about how different ag

SOLVED:Visa Card USA studied how frequently young consumers, ages 18 to 24, use plastic (debit and credit) cards in making purchases (Associated Press, January 16,2006 ) . The results of the study provided the following probabilities. ∙ The probability that a consumer uses a plastic card when making a purchase is .37 .7 . ∙ Given that the consumer uses a plastic card, there is a 19 probability that the con- sumer is 18 to 24 vears old. Given that the consumer uses a plastic c

Visa Card USA studied how frequently young consumers, ages 18 to 24, use plastic (debit and credit) cards in making purchases (Associated Press, January 16, 2006). The results of the study provided the following probabilities. ∙The probability that a consumer uses a plastic card when making a purchase is 37 . ∙Given that the consumer uses a plastic card, there is a . 19 probability that the consumer is 18 to 24 years old. ∙Given that the consumer uses a plastic card, there is a . 81 probability

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