Question

According to American Consumer Credit Counseling statistics, credit card debt is the third largest source of household indebtedness. The following data were collected from a random sample of 12 credit cards. (See the example on page 354 of your textbook for a similar problem.) Credit Card Balance 3,944.00 7,007.00 2,197.00 2,802.00 7,922.00 4,068.00 15,249.00 15,171.00 7,058.00 14,924.00 4,952.00 16,684.00 Question 2A Can you reject the hypothesis that the mean credit card balance is at least $3860 at a-0.005? Step 1 Step 2: Fill in row 92 if the hypothesis is one tailed. Reject Ho if Fill in row 96 if the hypothesis is two tailed. The smaller number must be typed first Reject Ho if Step 3: or Step 4 HWNotes HWExcelDirections HW . Texting Unemployed

Answer 1

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