64 509
Assignments Done
Successfully Done
In September 2018

Answer to Question #44854 in Statistics and Probability for venotini

Question #44854
Question 6
A firm has classified its customers in two ways: (1) according to whether the account is overdue and (2) whether the account is new (less than 12 months) or old. To acquire information about which customers are paying on time and which are overdue, a random sample of 292 customer accounts was drawn. Each was categorized as either a new account or an old account, and whether the customer has paid or is overdue. The results are summarized next.
New account Old account
Sample size 83 209
Overdue account 12 49
Is there enough evidence at the 5% significance level to infer that new and old accounts are different with respect to overdue accounts?
Expert's answer

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions