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Paying for purchases One day a store tracked the way shoppers paid for their purchases.
Their data are summarized in the table.
a. What percent of the men paid cash?
b. What is the conditional relative frequency distribution of payment method for women?
c. If you wanted to show the association between gender and method of payment visually, what kind of graph would you make? (Just name it.)
d. Is there evidence of an association between gender and method of payment? Explain briefly.
Product Change
The process of modifying or enhancing a product's features, design, or specifications to improve its appeal or functionality.
Process Change
Alteration or modification in the way a business operates, which could be due to technological advancements, compliance requirements, or operational improvement.
Desired Profit
The target earnings a company sets to achieve within a specific period through its operational activities.
Variable Cost Concept
Expenses that change in proportion to the amount of production or service operations.
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