In a study entitled How Undergraduate Students Use Credit Cards, it was reported that undergraduate students had
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Question:
In a study entitled "How Undergraduate Students Use Credit Cards", it was reported that undergraduate students had an average credit card balance of $ 2800. This figure is an all-time high and has increased 44% from the previous five years.
Questions:
Define the null hypothesis and the alternatives to determine whether it can be concluded that the average credit card balance for undergraduate students has continued to increase compared to the original report!
Related Book For
Essentials of Statistics for Business and Economics
ISBN: 978-1305081598
7th edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
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