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Hypothesis Analysis on Lion Store Customers

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State the null and alternate hypotheses, the decision rule, find the test statistic, state the decision, and estimate the P value for the following:

A sample of 200 Lion Store charge customers 50 years or older showed that 20 did not pay their entire balance at the end of the month. A sample of 300 customers under 30 showed that 50 did not pay their entire balance at the end of the month. At the .02 significance level can we conclude that a larger percent of the younger customers do not pay their entire balance at the end of the month?

Solution Summary

State the null and alternate hypotheses, the decision rule, find the test statistic, state the decision, and estimate the P value for the following:

A sample of 200 Lion Store charge customers 50 years or older showed that 20 did not pay their entire balance at the end of the month. A sample of 300 customers under 30 showed that 50 did not pay their entire balance at the end of the month. At the .02 significance level can we conclude that a larger percent of the younger customers do not pay their entire balance at the end of the month?

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