Paying for Purchases One Day a Store Tracked the Way

question 40

Essay

Paying for purchases One day a store tracked the way shoppers paid for their purchases.
Their data are summarized in the table. $\begin{array}{|c|c|c|c|c|}\hline& \text { Cash } & \text { Check } & \text { Charge } & \text { Total } \\\hline \text { Male } & 18 & 10 & 12 & 40 \\\hline \text { Female } & 18 & 12 & 30 & 60 \\\hline \text { Total } & 36 & 22 & 42 & 100 \\\hline\end{array}$
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.

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Definitions:

Retained Earnings

The portion of net profits not paid out as dividends but retained by the company to be reinvested in its core business or to pay debt.

Profit After Tax

The net income a company remains with after all taxes have been subtracted from its total revenue.

BCVR Entries

Book value to consideration ratio entries, used in accounting to adjust the values of assets and liabilities during acquisitions.

NCI Entry

Non-Controlling Interest entry, recorded in consolidated financial statements to represent the equity interest in a subsidiary not attributable, directly or indirectly, to the parent company.