A major bank is concerned about the amount of debt being accrued by customers using its credit

Question:

A major bank is concerned about the amount of debt being accrued by customers using its credit cards. The Board of Directors voted to institute an expensive monitoring system if the mean for all of the bank's customers is greater than $2000. The bank randomly selected 50 credit-card holders and determined the amounts they charged. For this sample group, the mean is $2177 and the standard deviation is $1257. Use a 0.025 level of significance to test the claim that the mean amount charged is greater than $2000. Based on the result, will the monitoring system be implemented?
Use the traditional approach summarized. Draw a graph showing the test statistic and critical values. In each case, assume that the population has a that is approximately normal and that the sample is randomly selected. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...