In a 2015 study entitled How Undergraduate Students Use Credit Cards, it was reported that undergraduate students have a mean credit card balance higher than $3000. This figure was an all-time high and had increased 42% over the previous five years. Assume that a current study is being conducted to determine if it can be concluded that the mean credit card balance for undergraduate students has continued to increase compared to the report. See the sample below of undergraduate students in 2015 and different undergraduate students in 2019. What type of t-test should be used here? Credit Cards Students in 2015 Students in 2019 2500 3300 2200 5450 1500 8000 930 2000 5300 870 1150 250 2700 3000 3300 2200 Group of answer choices a) One Sample b) Paired Samples c) Independent Samples
In a 2015 study entitled How Undergraduate Students Use Credit Cards, it was reported that undergraduate students have a mean credit card balance higher than $3000. This figure was an all-time high and had increased 42% over the previous five years. Assume that a current study is being conducted to determine if it can be concluded that the mean credit card balance for undergraduate students has continued to increase compared to the report. See the sample below of undergraduate students in 2015 and different undergraduate students in 2019. What type of t-test should be used here? Credit Cards Students in 2015 Students in 2019 2500 3300 2200 5450 1500 8000 930 2000 5300 870 1150 250 2700 3000 3300 2200 Group of answer choices a) One Sample b) Paired Samples c) Independent Samples
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
Problem 8SGR
Related questions
Question
In a 2015 study entitled How Undergraduate Students Use Credit Cards, it was reported that undergraduate students have a mean credit card balance higher than $3000. This figure was an all-time high and had increased 42% over the previous five years. Assume that a current study is being conducted to determine if it can be concluded that the mean credit card balance for undergraduate students has continued to increase compared to the report. See the sample below of undergraduate students in 2015 and different undergraduate students in 2019.
What type of t-test should be used here?
Credit Cards| Students in 2015 | Students in 2019 |
|---|---|
| 2500 | 3300 |
| 2200 | 5450 |
| 1500 | 8000 |
| 930 | 2000 |
| 5300 | 870 |
| 1150 | 250 |
| 2700 | 3000 |
| 3300 | 2200 |
Group of answer choices
a) One Sample
b) Paired Samples
c) Independent Samples
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill