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VISA Card USA wanted to determine if there is a relationship between an individual's age and the method of payment they use. They gathered data on the type of payment used by 200 individuals which is reported in the table below:
Age Group
Payment Type
18 - 24
25 - 34
35 - 44
Over 44
Cash
20
10
Plastic (VISA, MC, etc.)
30
15
Phone App
5
0
a.What hypotheses are you testing in this situation?
b.Perform the test and provide the conclusion you make based on the test. (Use α = 0.01)
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Test a manufacturer's claim that the average life of its product is 100 hours (H0: µ = 100). There is evidence that the true average life of the product is not as advertised.
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question 1nbspnbsp a large shipping company recorded the number of tons shipped weekly across the pacific for 50
Who are the stakeholders in this situation? Was there anything unethical about the presidents actions? Was there anything unethical about the controllers actions? Are the board members or anyone else likely to discover the misclassification?
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Universal Burger is concerned about product waste, so they sampled their burger waste record from the past year with the following results: Number of Burgers Discarded During a Shift: 2, 16, 4, 12, 19, 29, 24, 7, 19, 22, 14, 8, 24, 31, 18, 20, 16, ..
Identify any challenges you have in setting up a linear programming problem in Excel, and solving it with Solver. Explain exactly what the challenges are and why they are challenging. Identify resources that can help you with that.
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