Please answer these questions based on the research question and calculations attached.

Experiment: Is there a correlation between the average non-mortgage household debt (DV) and the average household income (IV)? Sample size (n) is 180.

1. What is theNull & Alternate Hypothesis(set up using statistical symbols like =, , or ?.
2. What is the p value (show work). Alpha is 0.5 with a confidence level of 95%
3. What is the Test statistic (show work)
4. What is the Statistical decision on the experiment? Is there is sufficient evidence?
5. What additional variables can be used in a future experiment to change the business decision from #4?
6. What is the business decision?
7. If the sample size of 180 is used to represent the entire US population, what are the limitations of this?
8. What are some suggestions on future research that relate to the research question (Is there a correlation between theaverage non-mortgage household debt(DV) and theaverage household income(IV)? Sample size (n) is 180.
   

Appendix C: Descriptive Statistics Calculation for Non-Mortgage Household Debt ($) Non-mortgage household debt ($) Mean 15403.91 Standard Error 661.76 Median 15688.44 Mode Standard Deviation 8878.49 Sample Variance 78827564.94 Kurtosis -0.51 Skewness 0.20 Range 36373.94 Minimum 0.00 Maximum 36373.94 Sum 2772703.85 Count 180.00 Confidence Level(95.0%) 1305.86 Confidence Lower 14106.88 Confidence upper 16700.94 Quartile 1 8661 Quartile 3 21344 (Q3-Q1) = 2 = 6342Appendix A: Descriptive Statistics Calculation for Annual Household Income Annual Household Income ($) Mean 55418.95 Standard Error 1098.00 Median 54678.36 Mode None Standard Deviation 14731.24 Sample Variance 217009311.13 Kurtosis -0.33 Skewness 0.14 Range 74485.59 Minimum 21646.61 Maximum 96132.20 Sum 9975411.28 Count 180.00 Confidence Level(95.0%) 2166.69 Confidence Lower 53266.91 Confidence upper 57570.99 Quartile 1 45627 Quartile 3 65331 (Q3-Q1) +2 = 9852