Question: Conduct a full hypothesis test using the p value method for the scenario below. Make sure all the steps are there. A sample of 899

Conduct a full hypothesis test using the p value method for the scenario below. Make sure all the steps are there.

A sample of 899 account balances of a credit company showed a mean customer balance of $7,035, but the marketing manager claimed that the mean balance for the population was $7,420. The marketing manager said the population standard deviation was $350. Use the p-value approach to conduct a full hypothesis test (all steps) that can be used to determine whether the mean of all account balances is significantly different from $7,420. Let= .05.

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