Question: According to a study by the Federal Reserve Board the

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.


Is it reasonable to conclude the mean rate charged is greater than 14%? Use the .01 significancelevel.
View Solution:


Sale on SolutionInn
Sales0
Views148
Comments
  • CreatedDecember 10, 2014
  • Files Included
Post your question
5000