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Miller's department store issues its own credit card. The credit manager claims that the average, monthly, unpaid balance is $400, with a standard deviation of $38. A random check of 169 unpaid balances (large sample) revealed the sample mean is $407. You think the mean, monthly, unpaid balance is GREATER than $400. You conduct a hypothesis test at the.05 level of significance. At the conclusion of your hypothesis test what do you do? O Accept HO O Do not reject HO O Reject H1 O Reject HO

Miller's department store issues its own credit card. The credit manager claims that the average, monthly, unpaid balance is $400, with a standard deviation of $38. A random check of 169 unpaid balances (large sample) revealed the sample mean is $407. You think the mean, monthly, unpaid balance is GREATER than $400. You conduct a hypothesis test at the.05 level of significance. At the conclusion of your hypothesis test what do you do? O Accept HO O Do not reject HO O Reject H1 O Reject HO

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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Canvas - > X CO Miller's department store issues its own credit card. The credit manager claims that the average, monthly, unpaid balance is $400, with a standard deviation of $38. A random check of 169 unpaid balances (large sample) revealed the sample mean is $407. You think the mean, monthly, unpaid balance is GREATER than $400. You conduct a hypothesis test at the .05 level of significance. At the conclusion of your hypothesis test what do you do? O Accept HO O Do not reject HO O Reject H1 O Reject HO
Transcribed Image Text:Canvas - > X CO Miller's department store issues its own credit card. The credit manager claims that the average, monthly, unpaid balance is $400, with a standard deviation of $38. A random check of 169 unpaid balances (large sample) revealed the sample mean is $407. You think the mean, monthly, unpaid balance is GREATER than $400. You conduct a hypothesis test at the .05 level of significance. At the conclusion of your hypothesis test what do you do? O Accept HO O Do not reject HO O Reject H1 O Reject HO
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