Significance level testing-paying bills online

Assignment Help Basic Statistics

Reference no: EM13108492

Over the past few years, banks have strongly promoted online banking and the paying of bills online. In 2003, about 50% of internet users paid bills online. In a recent survey of 250 internet users, 150 said that they pay bills online. At the 5% level of significance, test whether the proportion of internet users paying bills online is now more than 50%.

Reference no: EM13108492

Questions Cloud

Compute speeds of cars when they smashed into each other : One group was enquired, questions what they saw. One group was enquired, "About how fast were cars going when they smashed into each other?"

Strategic Interaction of Micro-credit programs : How many economic activities can be seen in this particular market? Which specific goods/services are related with these economic activities?

Creating direct labor budget : Madden Industries manufactures three models of a product in a single plant with two departments cutting and assembly. The company has estimated costs for each of the three product models the zip, the flash and the royal models.

Statistical expectation of television numbers : Based on a survey of over 10,000 households, the number of televisions in the home was recorded as given in the table below. Based on the data, find the expected number of televisions in a home.

Significance level testing-paying bills online : Over the past few years, banks have strongly promoted online banking and the paying of bills online. In 2003, about 50% of internet users paid bills online.

Explain rights of bond holders and preferred stockholders : Describe and contrast the rights of bond holders and preferred stockholders. Which has the best position in a default, which one would you buy all other things being equal.

Concluding mean waiting time and premium rate : The Internal Revenue Service (IRS) provides a toll-free help line for taxpayers to call in and get answers to questions as they prepare their tax returns.

Price floor would lead to surplus in the market : When the demand line is perfectly elastic, there is no deadweight loss after taxation and firms must not operate if the market price is less than ‘break-even' price.

Predictors of salary : Suppose you went to the Bureau of Labor Statistics web site and found several predictors of your salary. State three possible predictors and a simulated multilinear regression equation along with their p-values.

User Account

All Pages