A 2019 survey of American households with two or more children indicated the mean annual interest paid
Question:
A 2019 survey of American households with two or more children indicated the mean annual interest paid on household debt was $8,000. A sample of 12 households reported the following annual paid interest. At the .05 significance level is it reasonable to conclude that these households paid less than $8,000 of interest per year?
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Using apvalue calculator or statistical software the pvalue 0451 Reject H ...View the full answer
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Related Book For
Statistical Techniques In Business And Economics
ISBN: 9781260239478
18th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen
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