Question: A B D Problem #2 Confidence Interval and Hypothesis Testing (20 points) At a recent meeting, the manager of a national call center for a


A B D Problem #2 Confidence Interval and Hypothesis Testing (20 points) At a recent meeting, the manager of a national call center for a major Internet bank made the statement that the average past-due amount for customers who have been called previously about their bills is now no larger than $40.00. Other bank managers at the meeting suggested that this statement may be in error and that it might be worthwhile to conduct a test to see if there is statistical support for the call center manager's statement. The following MS Excel data file, BBUS 215 Past Due Amounts-1.xIsx contains data for a random sample of 67 customers from the call center population. Assuming that the population standard deviation for past due amounts is known to be $64.00, download the data set, open it in SPSS, explore the data (sample mean and sample standard deviation), create a 90% confidence interval, and run the appropriate test statistic. What should be concluded based on the sample data? Test using a=0.10. (Use SPSS to explore the data and create the confidence interval and complete the hypothesis test and copy and paste your SPSS outputs in the space provided.)\f
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
