[See Steps] The American Bankers Association collects data on the use of credit cards, debit cards, personal checks, and cash when consumers pay for in
Question: The American Bankers Association collects data on the use of credit cards, debit cards, personal checks, and cash when consumers pay for in store purchase.
In Store Purchase Percentage
Credit card 22
Debit card 21
Personal check 18
Cash 39
A sample taken in 2003 found that for 220 in stores purchases, 46 used a credit card, 67 used a debit card, 33 used a personal check, and 74 used cash.
- At a= .01, can we conclude that a change occurred in how customers paid for in- store purchases over the four –year period from 1999to 200? What is the p-value?
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Compute the percentage of use for each method of payment using the 2003 sample data.
What appears to have been major change or changes over the four-year period? - In 2003, what percentage of payments was made using plastic (credit card or debit card.
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