Question: Editing Voice Editor 3. Work through this hypothesis test using the prompts below. In other words, finish the sentences I have started. A sample of

 Editing Voice Editor 3. Work through this hypothesis test using the

Editing Voice Editor 3. Work through this hypothesis test using the prompts below. In other words, finish the sentences I have started. A sample of 12 account balances of credit company showed a mean of customer balance of $5,475, but the marketing manager claimed that the mean balance for the population was $5,350. The marketing manager did NOT have the population standard deviation, but the sample standard deviation was found to be $150. 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 $5,350. Let a = .05. To help you go through the steps of hypothesis testing, follow these prompts: The null hypothesis is The alternative hypothesis is This test is (choose 1: one-tailed / two-tailed) because the last sentence contains the words (choose 1: greater than / less than / different from) I will use a (choose 1: t / z) in my formula because I have calculated the value of t (or z) to be Insert your work for calculating t or z) I have used t (or z) to get the value of p (most likely from a chart or computer printout - provide that printout). My p value is Alpha which is given in the problem, is When I compared p to alpha, p is (choose 1: greater than less than) alpha. Because of this, I know I should (choose 1: reject . fail to reject) my null hypothesis. Choose one: In summary, the mean balance is different than $5350 / In summary, the mean balance is NOT different than $5350

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