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Critical Thinking 5: CTE 11: Here we will focus on men's basketball as it has the longer history.

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Critical Thinking 5: CTE 11: March Madness Whether you are a college basketball fan or not, you cannot help but be aware of the yearly phenomenon known as March Madness, the NCAA Division I Championship series, which culminates the first week in April by crowning one school’s team, in both men’s and women’s basketball, the national champion. Here we will focus on men’s basketball as it has the longer history. Click on the following document for a complete description and the requirements for CTE: March Madness CTE 12: Pennies from checks or credit card purchases. Randomly select 100 purchases from your checkbook or 100 credit card purchases that you have made in the past year. Do not mix checks and credit card purchases; pick one or the other for this study. Would you expect the cents portion of the checks to be evenly represented? Explain why or why not before collecting your sample. Record the cents portion of those checks into the following table: Cents Portion 0-24 25-49 50-74 75-99 Number Use a .05 significance level to test the claim that the four categories are equally likely. Describe how you obtained your random sample. Did you have any difficulties making a true random sample? What population is your sample describing? Is it representative of most check or credit purchases in the US/>/>? Did your results support your expectation? Provide an explanation
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CTE 12: Pennies from checks or credit card purchases.
Randomly select 100 purchases from your checkbook or 100 credit card purchases that you
have made in the past year. Do not mix checks and...

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