Paying for Purchases One Day a Store Tracked the Way

question 689

Essay

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 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:

Adjusting Journal Entries

Entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Closing Journal Entries

Entries made in the accounting records at the end of an accounting period to transfer balances from temporary to permanent accounts.

Salary Expense

An expense account that records the total amount of salary payments made to employees over a period of time.

Accrued Salaries

Salaries that have been incurred but not yet paid, representing a liability for the company.