Hypotheses Assignment | Professional Writing Services |

Hypotheses Assignment | Professional Writing Services |

In a study entitled How Undergraduate Students Use Credit Cards, it was reported that undergraduate students have a mean credit card balance of $3,084. This figure was an all-time high and had increased 46% over the previous five years. Assume that a current study is being conducted to determine if it can be concluded that the mean credit card balance for undergraduate students has continued to increase compared to the report. Based on previous studies, use a population standard deviation$1,500.

 
a. State the null and alternative hypotheses.
Ho:
Ha:
b:What is the p-value for a sample of  110 undergraduate students with a sample mean credit card balance of 3,308? If your answer is zero enter “0”.
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Hypotheses Assignment | Professional Writing Services | 

Hypotheses Assignment | Professional Writing Services |

In a study entitled How Undergraduate Students Use Credit Cards, it was reported that undergraduate students have a mean credit card balance of $3,084. This figure was an all-time high and had increased 46% over the previous five years. Assume that a current study is being conducted to determine if it can be concluded that the mean credit card balance for undergraduate students has continued to increase compared to the report. Based on previous studies, use a population standard deviation$1,500.

 
a. State the null and alternative hypotheses.
Ho:
Ha:
b:What is the p-value for a sample of  110 undergraduate students with a sample mean credit card balance of 3,308? If your answer is zero enter “0”.
Get Statistics homework help today
TOP ACADEMIC WRITER
He has decades of experience in the education field and has served in the examination boards of some of the top Universities within & outside the United States America.

Related

Hypotheses Assignment | Professional Writing Services |

 

Hypotheses Assignment | Professional Writing Services | 

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