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Credit card debt: Following are outstanding credit card balances for a sample of 16 college seniors at a large university. According to a report, the mean outstanding balance for college seniors in a recent year was $513. Perform a hypothesis test to determine whether the mean debt for seniors at this university is less than $ 513. Use the x = 0.10 level of significance and the P- value method with the TI-84 Plus calculator. A. State the appropriate null and alternate hypotheses. what type of tail does this test have? B. Compute the value of the test statistic. Round the answer to at least three decimal places. T = ? C. Find the P value. Credit card debt: Following are outstanding credit card balances for a sample of 16 college seniors at a large university. 1247 1733 461 2137 1041 623 928 562 892 418 529 2353 753 1401 375 1800 Send date to Excel According to a report, the mean outstanding balance for college seniors in a recent year was $513. Perform a hypothesis test to determine whether the mean debt for seniors at this university is less than $513. Use the a-0.10 level of significance and the P-value method with the TI-84 Plus calculator.

Credit card debt: Following are outstanding credit card balances for a sample of 16 college seniors at a large university. According to a report, the mean outstanding balance for college seniors in a recent year was $513. Perform a hypothesis test to determine whether the mean debt for seniors at this university is less than $ 513. Use the x = 0.10 level of significance and the P- value method with the TI-84 Plus calculator. A. State the appropriate null and alternate hypotheses. what type of tail does this test have? B. Compute the value of the test statistic. Round the answer to at least three decimal places. T = ? C. Find the P value. Credit card debt: Following are outstanding credit card balances for a sample of 16 college seniors at a large university. 1247 1733 461 2137 1041 623 928 562 892 418 529 2353 753 1401 375 1800 Send date to Excel According to a report, the mean outstanding balance for college seniors in a recent year was $513. Perform a hypothesis test to determine whether the mean debt for seniors at this university is less than $513. Use the a-0.10 level of significance and the P-value method with the TI-84 Plus calculator.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 4AGP
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Credit card debt: Following are outstanding credit card balances for a sample of 16 college seniors at a large university. According to a report, the mean outstanding balance for college seniors in a recent year was $513. Perform a hypothesis test to determine whether the mean debt for seniors at this university is less than $ 513. Use the x = 0.10 level of significance and the P- value method with the TI-84 Plus calculator. A. State the appropriate null and alternate hypotheses. what type of tail does this test have? B. Compute the value of the test statistic. Round the answer to at least three decimal places. T = ? C. Find the P value. Credit card debt: Following are outstanding credit card balances for a sample of 16 college seniors at a large university. 1247 1733 461 2137 1041 623 928 562 892 418 529 2353 753 1401 375 1800 Send data to Excel According to a report, the mean outstanding balance for college seniors in a recent year was $513. Perform a hypothesis test to determine whether the mean debt for seniors at this university is less than $513. Use the a-0.10 level of significance and the P-value method with the TI-84 Plus calculator.
Transcribed Image Text:Credit card debt: Following are outstanding credit card balances for a sample of 16 college seniors at a large university. According to a report, the mean outstanding balance for college seniors in a recent year was $513. Perform a hypothesis test to determine whether the mean debt for seniors at this university is less than $ 513. Use the x = 0.10 level of significance and the P- value method with the TI-84 Plus calculator. A. State the appropriate null and alternate hypotheses. what type of tail does this test have? B. Compute the value of the test statistic. Round the answer to at least three decimal places. T = ? C. Find the P value. Credit card debt: Following are outstanding credit card balances for a sample of 16 college seniors at a large university. 1247 1733 461 2137 1041 623 928 562 892 418 529 2353 753 1401 375 1800 Send data to Excel According to a report, the mean outstanding balance for college seniors in a recent year was $513. Perform a hypothesis test to determine whether the mean debt for seniors at this university is less than $513. Use the a-0.10 level of significance and the P-value method with the TI-84 Plus calculator.
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