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Decrease in the proportion of consumers

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In 2016 the Reserve Bank of Australia reported that 43% of individuals still used cash on a regular basis to make payments. The 2019 Survey of Consumer Payments showed that in a sample of 1500 respondents, 480 indicated they use cash on a regular basis. Does this data indicate that there has been a decrease in the proportion of consumers using cash regularly at a 1% level of significance?

Reference no: EM132947450

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