Homework Help is Here – Start Your Trial Now!
Math
Statistics
o= $1000. a. State the null and alternative hypotheses. Ho: 4- Select your answer V3472 H: A- Select your answer- 3472 What is the p-value for a sample of 210 undergraduate students with a sample mean credit balance of $38107 If your answer is zero enter "0". z value (to 2 decimals) p-value (to 4 decimals) c. Using a 0.01 level of significance, what is your conclusion?, -Select your answer Conclude that student mean credit card debt is- Select your answer V than $3472.

o= $1000. a. State the null and alternative hypotheses. Ho: 4- Select your answer V3472 H: A- Select your answer- 3472 What is the p-value for a sample of 210 undergraduate students with a sample mean credit balance of $38107 If your answer is zero enter "0". z value (to 2 decimals) p-value (to 4 decimals) c. Using a 0.01 level of significance, what is your conclusion?, -Select your answer Conclude that student mean credit card debt is- Select your answer V than $3472.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 8SGR
See similar textbooks
icon
Related questions
Question
In a study entitled How Undergraduate Students Use Credit Cards, Sallie Mae reported that undergraduate students have a mean credit card balance of $3472. This figure was an all-time high and had increased 43% 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 April 2009 report. Based on previous studies, use a population standard deviation O=$1000. a. State the null and alternative hypotheses. Ho: 4 Select your answer - 3472 H.: A Select your answer - 3472 b. What is the p-value for a sample of 210 undergraduate students with a sample mean credit card balance of $3810? If your answer is zero enter "0". z value (to 2 decimals) D-value (to 4 decimals) c. Using a 0.01 level of significance, what is your conclusion? Select your answer- Conclude that student mean credit card debt is Select your answer- than $3472.
Transcribed Image Text:In a study entitled How Undergraduate Students Use Credit Cards, Sallie Mae reported that undergraduate students have a mean credit card balance of $3472. This figure was an all-time high and had increased 43% 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 April 2009 report. Based on previous studies, use a population standard deviation O=$1000. a. State the null and alternative hypotheses. Ho: 4 Select your answer - 3472 H.: A Select your answer - 3472 b. What is the p-value for a sample of 210 undergraduate students with a sample mean credit card balance of $3810? If your answer is zero enter "0". z value (to 2 decimals) D-value (to 4 decimals) c. Using a 0.01 level of significance, what is your conclusion? Select your answer- Conclude that student mean credit card debt is Select your answer- than $3472.
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
SEE MORE TEXTBOOKS