According to a study by the Federal Reserve Board, the rate charged on credit card debt is
Question:
According to a study by the Federal Reserve Board, the rate charged on credit card debt is more than 14%. Listed below is the interest rate charged on a sample of 10 credit cards.
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Is it reasonable to conclude the mean rate charged is greater than 14%? Use the .01 significancelevel.
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Reject H o The mean rate char...View the full answer
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Related Book For 
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
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