Question: Please help me find the null and alternative hypotheses and explain why Assignments Do Homework - Anais Chantha x C mathxl.com/Student/PlayerHomework.aspx?homeworkld=567552776&questionld=3&flushed=false&cld=6052099¢erwin=yes J gbs221_13460 Anais Chantharaj-Walls

Please help me find the null and alternative hypotheses and explain why

Please help me find the null and alternative hypotheses and explain why

Assignments Do Homework - Anais Chantha x C mathxl.com/Student/PlayerHomework.aspx?homeworkld=567552776&questionld=3&flushed=false&cld=6052099&centerwin=yes J gbs221_13460 Anais Chantharaj-Walls & | 07/22/20 6:15 PM Homework: Lesson 8 Homework Save Score: 0 of 3 pts 9 of 10 (8 complete) HW Score: 74%, 22.2 of 30 pts 9.4.30-E Question Help The Majoring in Money study by Sallie Mae from December 2015 showed that most college students manage their credit cards in a reasonable way. It showed that almost two-thirds of students pay their credit card balance in full every month and 23% of students who own credit cards make partial payments that exceed the minimum amount due. You are curious to find out if credit card payment behavior of students has changed since 2015 and collect data from a random sample of 380 students. You find that 75 students are making partial payments on their credit cards that exceed the minimum amount due. Using a = 0.01, complete parts a and b below. a. Does this sample provide support for the hypothesis that the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015? Determine the null and alternative hypotheses. Choose the correct answer below. O A. Ho: p 2 0.23 O B. Ho: P = 0.23 Hy : p 0.23 O D. Ho: P$0.23 Hy : ps0.23 H1: p > 0.23 Click to select your answer and then click Check Answer. ? xparts emaining Clear All Final Check

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!