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A credit card company dlaims that the mean credit card debt for individuals is greater than $5,200. You want to test this dlaim. You find that a random sample of 34 cardholders has a mean credit card balance of $5,414 and a standard deviation of $675. At a =0.10, can you support the claim? Complete parts (a) through (e) below. Assume the population is normaly distributed. (a) Write the claim mathematically and identify Ho and H, Which of the following correctly states Ho and H,? OA Ho: > $5,200 H, us$5,200 O B. Ho: = $5,200 Hpr$5,200 c. Họ: us$5,200 Hip> $5,200 OD. Ho: 2 $5,200 Hp<$5,200 OE Ho: p$5,200 H> $5,200 OF. Ho: > $5200 Hus$5.200 (b) Find the critical value(s) and identify the rejection region(s). What is(are) the critical value(s), 6? 6-0 (Use a comma separate answers as needed. Round to three decimal places as needed.)

A credit card company dlaims that the mean credit card debt for individuals is greater than $5,200. You want to test this dlaim. You find that a random sample of 34 cardholders has a mean credit card balance of $5,414 and a standard deviation of $675. At a =0.10, can you support the claim? Complete parts (a) through (e) below. Assume the population is normaly distributed. (a) Write the claim mathematically and identify Ho and H, Which of the following correctly states Ho and H,? OA Ho: > $5,200 H, us$5,200 O B. Ho: = $5,200 Hpr$5,200 c. Họ: us$5,200 Hip> $5,200 OD. Ho: 2 $5,200 Hp<$5,200 OE Ho: p$5,200 H> $5,200 OF. Ho: > $5200 Hus$5.200 (b) Find the critical value(s) and identify the rejection region(s). What is(are) the critical value(s), 6? 6-0 (Use a comma separate answers as needed. Round to three decimal places as needed.)

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A credit card company claims that the mean credit card debt for individuals is greater than $5,200. You want to test this claim. You find that a random sample of 34 cardholders has a mean credit card balance of $5,414 and a standard deviation of $675. At a =0.10, 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 H,. Which of the following correctly states Ho and H,? O B. Ho: =$5,200 H: u#$5,200 c. Hạ: us$5,200 H: p> $5,200 O A. Ho: u> $5,200 Hus$5,200 O D. Ho: 2$5,200 Hu<$5,200 OE Ho: u= $5200 H p> $5,200 OF. Ho: H> $5,200 H:µs$5,200 (b) Find the critical value(s) and identify the rejection region(s) What is(are) the critical value(s), to? (Use a comma separate answers as needed. Round to three decimal places as needed.)
Transcribed Image Text:A credit card company claims that the mean credit card debt for individuals is greater than $5,200. You want to test this claim. You find that a random sample of 34 cardholders has a mean credit card balance of $5,414 and a standard deviation of $675. At a =0.10, 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 H,. Which of the following correctly states Ho and H,? O B. Ho: =$5,200 H: u#$5,200 c. Hạ: us$5,200 H: p> $5,200 O A. Ho: u> $5,200 Hus$5,200 O D. Ho: 2$5,200 Hu<$5,200 OE Ho: u= $5200 H p> $5,200 OF. Ho: H> $5,200 H:µs$5,200 (b) Find the critical value(s) and identify the rejection region(s) What is(are) the critical value(s), to? (Use a comma separate answers as needed. Round to three decimal places as needed.)
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