Scenario 12-6 According to an Article in Marketing News, Fewer Checks Are

question 69

True/False

Scenario 12-6
According to an article in Marketing News, fewer checks are being written at the grocery store
checkout than in the past.To determine whether there is a difference in the proportion of shoppers
who pay by check among three consecutive years at a 0.05 level of significance, the results of a
survey of 500 shoppers in three consecutive years are obtained and presented below.
-True or False: Referring to Scenario 12-6, there is sufficient evidence to conclude that the
proportions between year 2 and year 3 are different at a 0.05 level of significance.

---

Definitions:

Vesting

A provision in employer-provided retirement plans that gives workers the right to a pension after a specified number of years of service.

Pension Benefits

Payments made to employees after retirement, based on years of service and salary history, as part of a retirement plan.

Medical Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured, typically offered as part of employment benefits.

Federal Government

The national government of a federal country, which holds the authority over matters that affect the country as a whole.