Question: Exercise: A recent survey by nerdwallet.com indicated Americans paid a mean of $6,658 interest on credit card debt in 2017. A sample of 12 households

Exercise: A recent survey by nerdwallet.com indicated Americans paid a mean of $6,658 interest on credit card debt in 2017. A sample of 12 households with children revealed the follow amounts. At the 01 significance level is it reasonable to conclude that these households paid more interest? 7000 5744 6753 7381 7600 6636 7164 7348 8600 5848 9275 7052 1) State the Null and Alternate hypotheses for this test 2) is this o one- or two-toiled test? 3) is this o Z-test or t-test? 4) What is the volue of the test stotistic? 5) What is your decision regarding HOP 6) What is the p-value? Interpret it

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