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According to the report by the government-lending institution, college students who have credit cards have an average credit card balance of $1,086. A random sample of 50 college students was selected, and their average credit card debt was found to be $1,430. Assume the standard deviation for student credit card debt is $276. Using a = 0.10, complete parts a and b below. a. Does this sample provide enough evidence to challenge the findings by the lending institution? Determine the null and alternative hypotheses. Hot H₁: H

According to the report by the government-lending institution, college students who have credit cards have an average credit card balance of $1,086. A random sample of 50 college students was selected, and their average credit card debt was found to be $1,430. Assume the standard deviation for student credit card debt is $276. Using a = 0.10, complete parts a and b below. a. Does this sample provide enough evidence to challenge the findings by the lending institution? Determine the null and alternative hypotheses. Hot H₁: H

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
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According to the report by the government-lending institution, college students who have credit cards have an average credit card balance of $1,086. A random sample of 50 college students was selected, and their average credit card debt was found to be $1,430. Assume the standard deviation for student credit card debt is $276. Using a = 0.10, complete parts a and b below. a. Does this sample provide enough evidence to challenge the findings by the lending institution? Determine the null and alternative hypotheses. ном H₁: H
Transcribed Image Text:According to the report by the government-lending institution, college students who have credit cards have an average credit card balance of $1,086. A random sample of 50 college students was selected, and their average credit card debt was found to be $1,430. Assume the standard deviation for student credit card debt is $276. Using a = 0.10, complete parts a and b below. a. Does this sample provide enough evidence to challenge the findings by the lending institution? Determine the null and alternative hypotheses. ном H₁: H
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