Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
A credit card company claims that the mean credit card debt for individuals is greater than 5,200. You want to test claim.
A credit card company claims that the mean credit card debt for individuals is greater than 5,200. You want to test claim. You find a random sample of 35 cardholders has a mean credit card balance of 5,446 and a standard deviation of 575. At a=0.01 can you support the claim?
A. Find critical values of To
determine the rejection regions
find the standardized test statistics
