pls, help asap

1. (20 points) Recent research indicates that millennials in the U.S. are using credit cards less than previous generations. The author of a financial advice blog still believes that millennials carry too much credit card debt. In one article, he claims, "On average, millennials hold more than $6000 in credit card debt." You see his claim and you are curious about whether or not it is true. You do not have the resources to conduct a study on your own, but you decide to write out some of the steps in what a hypothesis test would be like if you were able to do a study. a. State the null and alternative hypotheses that would be used to test this author's claim. b. Knowing that you have not conducted a hypothesis test yet, describe what a Type I error would be in the context of this scenario. C. Knowing that you have not conducted a hypothesis test yet, describe what a Type Il error would be in the context of this scenario. d. A 2016 study was published by Value Penguin. Part of their findings included a survey of millennial credit card debt balance. They found that in their sample, the average credit card balance was $5700. Without performing a hypothesis test, decide whether you should reject or fail to reject the null hypothesis in part (a). Then, explain why it is not necessary to go through an entire hypothesis testing process to reach your decision in this case