NebNas manages the credit department for a grocery store chain in the province, and she would like to determine whether the mean monthly balance of credit card holders is equal to $95. A random sample of 100 accounts indicated that the mean owed is $101.5 with a sample standard deviation of $25.6. If she wanted to test whether the mean balance is different from $95 and decided to reject the null hypothesis, what will be the p-value of the test?

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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NebNas manages the credit department for a grocery store chain in the province, and she would like to determine whether the mean monthly balance of credit card holders is equal to $95. A random sample of 100 accounts indicated that the mean owed is $101.5 with a sample standard deviation of $25.6. If she wanted to test whether the mean balance is different from $95 and decided to reject the null hypothesis, what will be the p-value of the test?

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