Use the Following to Answer Questions

question 41

Short Answer

Use the following to answer questions :
You observe 100 randomly selected college students to find out whether they arrive on time or late for their classes.The table below gives a two-way classification for these students.

-To perform a chi-square test of independence for this contingency table,what is the value of the chi-square test statistic (rounded to three decimal places)?

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Definitions:

Total Collection Time

The total amount of time taken to collect payments from customers from the point of sale to the actual receipt of funds.

Customer Cheques

Checks written by customers to pay for goods or services.

Monthly Statements

Financial reports that are issued at the end of each month detailing the financial activities, such as income and expenses, over the course of that month.

Collection Time

The standard timeframe a business needs to obtain amounts owed by its customers.