2. The average credit card dept for a recent year was P43,100. Three years earlier the average credit card dept was P 41,890. Assume sample sizes of 50 were used and the standard deviations of both samples are P7,810. Is there enough evidence to believe that the average credit card dept has increased? Use. Solution: Step 1: State the hypothesis

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2. The average credit card dept for a recent year was P43,100. Three years earlier the
average credit card dept was P 41,890. Assume sample sizes of 50 were used and the
standard deviations of both samples are P7,810. Is there enough evidence to believe that
the average credit card dept has increased? Use.
Solution:
Step 1: State the hypothesis
Step 2: The level of significance and critical region. =
and Zeiticl
Step 3: Compute for the value of z test.
Step 4: Decision
rule.
Step 5:
Conclusion.
Transcribed Image Text:2. The average credit card dept for a recent year was P43,100. Three years earlier the average credit card dept was P 41,890. Assume sample sizes of 50 were used and the standard deviations of both samples are P7,810. Is there enough evidence to believe that the average credit card dept has increased? Use. Solution: Step 1: State the hypothesis Step 2: The level of significance and critical region. = and Zeiticl Step 3: Compute for the value of z test. Step 4: Decision rule. Step 5: Conclusion.
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