A 2022 survey of American households with two or more children indicated the mean annual interest paid

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A 2022 survey of American households with two or more children indicated the mean annual interest paid on household debt was $8,000. A sample of 12 households reported the following annual paid interest. At the .05 significance level is it reasonable to conclude that these households paid less than $8,000 of interest per year?


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Statistical Techniques In Business And Economics

ISBN: 9781265779696

19th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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