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The bank assumes that the credit card usage of people aged 30 and below are less than 10,000 per month. Suppose a sample of 50 people aged 30 and below has an average spend of 9,500 per month with a standard deviation of 1,500 The bank assumes that the credit card usage of people aged 30 and below are less than 10,000 per month. Suppose a sample of 50 people aged 30 and below has an average spend of 9,500 per month with a standard deviation of 1,500 a) What is a correct hypothesis? b) What is the calculated test statist

The bank assumes that the credit card usage of people aged 30 and below are less than 10,000 per month. Suppose a sample of 50 people aged 30 and below has an average spend of 9,500 per month with a standard deviation of 1,500 The bank assumes that the credit card usage of people aged 30 and below are less than 10,000 per month. Suppose a sample of 50 people aged 30 and below has an average spend of 9,500 per month with a standard deviation of 1,500 a) What is a correct hypothesis? b) What is the calculated test statist

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
Section10.4: Distributions Of Data
Problem 19PFA
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The bank assumes that the credit card usage of people aged 30 and below are less than 10,000 per month. Suppose a sample of 50 people aged 30 and below has an average spend of 9,500 per month with a standard deviation of 1,500 The bank assumes that the credit card usage of people aged 30 and below are less than 10,000 per month. Suppose a sample of 50 people aged 30 and below has an average spend of 9,500 per month with a standard deviation of 1,500 a) What is a correct hypothesis? b) What is the calculated test statistic?
The bank assumes that the credit card usage of people aged 30 and below are less than 10,000 per month. Suppose a sample of 50 people aged 30 and below has an average spend of 9,500 per month with a standard deviation of 1,500, 8) What is the calculated test statistic? O -2.36 O -1.96 O 1.96 O 2.36
Transcribed Image Text:The bank assumes that the credit card usage of people aged 30 and below are less than 10,000 per month. Suppose a sample of 50 people aged 30 and below has an average spend of 9,500 per month with a standard deviation of 1,500, 8) What is the calculated test statistic? O -2.36 O -1.96 O 1.96 O 2.36
The bank assumes that the credit card usage of people aged 30 and below are less than 10,000 per month. Suppose a sample of 50 people aged 30 and below has an average spend of 9,500 per month with a standard devlation of 1,500, 7) Which is a correct hypothesis? O Ha: mu < 10,000 O Ho: mu <= 10,000 O Ha: mu <9,500 O Ho: mu <= 9,500
Transcribed Image Text:The bank assumes that the credit card usage of people aged 30 and below are less than 10,000 per month. Suppose a sample of 50 people aged 30 and below has an average spend of 9,500 per month with a standard devlation of 1,500, 7) Which is a correct hypothesis? O Ha: mu < 10,000 O Ho: mu <= 10,000 O Ha: mu <9,500 O Ho: mu <= 9,500
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