The manager of credit card operations for a small regional bank has determined that last years median

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The manager of credit card operations for a small regional bank has determined that last year€™s median credit card balance was $1,989.32. A sample of 18 customer balances this year revealed the following figures, in dollars:
The manager of credit card operations for a small regional

Based on the 18 customer balances sampled, is there enough evidence to allow you to conclude the median balance has changed? Test at the 0.05 level of significance.

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Business Statistics A Decision Making Approach

ISBN: 9780133021844

9th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

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