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The Bank of America (BoA) credit card department knows from national US government records that 5% of all US  VISA card holders have no high school diploma, 15% have a high school diploma, 25% have some college, and 55% have a college degree. Given the information below, at the 1% level of significance can we conclude that (BoA) card holders are significantly different from the rest of the nation?

Example - Goodness Of Fit

(unequal frequencies)

= (500)(.05)

= (500)(.15)

= (500)(.25)

= (500)(.55)

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