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Author Question: A sample of 81 account balances of a credit company showed an average balance of $1,200 with a ... (Read 57 times)

erikka246

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on: Mar 25, 2023

A sample of 81 account balances of a credit company showed an average balance of $1,200 with a standard deviation of $126.

a.Formulate the hypotheses that can be used to determine whether the mean of all account balances is significantly different from $1,150.
b.Compute the test statistic.
c.Using the p-value approach, what is your conclusion? Let α = .05.

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by erikka246 on Mar 25, 2023

Hamad

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Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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erikka246

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Reply 2 on: Mar 25, 2023
YES! Correct, THANKS for helping me on my review

dantucker

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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