This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A sample of 81 account balances of a credit company showed an average balance of $1,200 with a ... (Read 68 times)

erikka246

  • Full Member
  • ***
  • Posts: 150
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by erikka246 on Mar 25, 2023

Hamad

  • Full Member
  • ***
  • Posts: 163
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.
Answer Preview
Only 25% of students answer this correctly


erikka246

  • Member
  • Posts: 150
Reply 2 on: Mar 25, 2023
:D TYSM

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Griffith's experiments that showed the transformation of bacteria by a “transfor Griffith's experiments that showed the transformation of bacteria by a “transfor
Sample new patient registration form. Sample new patient registration form.
On average, students in Roman Catholic schools score higher on national tests than students in ... On average, students in Roman Catholic schools score higher on national tests than students in ...
Average Distribution of Incoming Solar Radiation Average Distribution of Incoming Solar Radiation
A sample of work by a Grade 4 student with a specific learning disorder A sample of work by a Grade 4 student with a specific learning disorder
A sample of 400 observations will be taken from an infinite population. The population ... A sample of 400 observations will be taken from an infinite population. The population ...
Video: Apicomplexan life cycle Animation

For a complete list of videos, visit our video library