According to the “Majoring in Money” 2016 report by the government-lending institution Sallie Mae, college students who have credit cards have an average credit card balance of $1,076. A random sample of 50 college students was selected, and their average credit card debt was found to be $1,144. Assume the standard deviation for student credit card debt is $296. Using α = 0.05, answer the following questions:

a. Does this sample provide enough evidence to challenge the findings by Sallie Mae?

b. Determine the p-value for this test.