The article "The Average American Is in Credit Card Debt, No Matter the Economy"† states that in 2015, the average credit card debt for Americans between the age of 18 and 65 was $4,717. You are interested in determining if there is evidence that the mean credit card debt in the current year is greater than the known average from 2015. Q, Question Type: Estimation or hypothesis testing? estimationhypothesis testing S, Study Type: Sample data or experiment data? sample dataexperiment dat
The article "The Average American Is in Credit Card Debt, No Matter the Economy"† states that in 2015, the average credit card debt for Americans between the age of 18 and 65 was $4,717. You are interested in determining if there is evidence that the mean credit card debt in the current year is greater than the known average from 2015. Q, Question Type: Estimation or hypothesis testing? estimationhypothesis testing S, Study Type: Sample data or experiment data? sample dataexperiment dat
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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The article "The Average American Is in Credit Card Debt, No Matter the Economy"† states that in 2015, the average credit card debt for Americans between the age of 18 and 65 was $4,717. You are interested in determining if there is evidence that the
Q, Question Type: Estimation or hypothesis testing?
estimationhypothesis testing
S, Study Type: Sample data or experiment data?
sample dataexperiment data
T, Type of Data: One variable or two? Categorical or numerical?
one categorical variableone numerical variable two categorical variablestwo numerical variables
N, Number of Samples or Treatments: How many samples or treatments?
one sampleone treatment two samplestwo treatments
Indicate whether the method that you would consider would be a large-sample hypothesis test for a population proportion.
A hypothesis test for a population proportion would be appropriate.A hypothesis test for a population proportion would not be appropriate.
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