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A credit card company claims that the mean credit card debt for individuals is greater than $5,100. You want to test this claim. You find that a random sample of 34 cardholders has a mean credit card balance of $5,255 and a standard deviation of $625. At a = 0.05, can you support the claim? Complete parts (a) through (e) below. Assume the population is normally distributed. ...... (a) Write the claim mathematically and identify Ho and Hg. Which of the following correctly states Ho and H,? O A. Ho:us $5100 Ha: H> $5,100 O B. Ho: H= $5100 Ha:u> $5,100 O C. Ho: 2 $5,100 HaiH<$5,100 O D. Ho: = $5,100 Hai H $5,100 O E. Ho: H> $5,100 Ha: us $5,100 OF. Ho:>$5,100 Hg:us $5,100

A credit card company claims that the mean credit card debt for individuals is greater than $5,100. You want to test this claim. You find that a random sample of 34 cardholders has a mean credit card balance of $5,255 and a standard deviation of $625. At a = 0.05, can you support the claim? Complete parts (a) through (e) below. Assume the population is normally distributed. ...... (a) Write the claim mathematically and identify Ho and Hg. Which of the following correctly states Ho and H,? O A. Ho:us $5100 Ha: H> $5,100 O B. Ho: H= $5100 Ha:u> $5,100 O C. Ho: 2 $5,100 HaiH<$5,100 O D. Ho: = $5,100 Hai H $5,100 O E. Ho: H> $5,100 Ha: us $5,100 OF. Ho:>$5,100 Hg:us $5,100

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Hi this questions has 6 parts you help me please
A credit card company claims that the mean credit card debt for individuals is greater than $5,100. You want to test this claim. You find that a random sample of 34 cardholders has a mean credit card balance of $5,255 and a standard deviation of $625. At a = 0.05, can you support the claim? Complete parts (a) through (e) below. Assume the population is normally distributed. ..... (a) Write the claim mathematically and identify H, and H. Which of the following correctly states Ho and Ha? OC. Ho: 2 $5,100 O A. Ho: s $5,100 Ha: u> $5,100 O B. Ho: H= $5100 Ha: H> $5,100 Ha:H<$5,100 OF. Ho:H>$5,100 H3:us $5,100 O D. Ho:H= $5,100 O E. Ho:u>$5,100 Ha: u#$5,100 Ha: us $5,100
Transcribed Image Text:A credit card company claims that the mean credit card debt for individuals is greater than $5,100. You want to test this claim. You find that a random sample of 34 cardholders has a mean credit card balance of $5,255 and a standard deviation of $625. At a = 0.05, can you support the claim? Complete parts (a) through (e) below. Assume the population is normally distributed. ..... (a) Write the claim mathematically and identify H, and H. Which of the following correctly states Ho and Ha? OC. Ho: 2 $5,100 O A. Ho: s $5,100 Ha: u> $5,100 O B. Ho: H= $5100 Ha: H> $5,100 Ha:H<$5,100 OF. Ho:H>$5,100 H3:us $5,100 O D. Ho:H= $5,100 O E. Ho:u>$5,100 Ha: u#$5,100 Ha: us $5,100
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