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American Public University *

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302

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Economics

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Feb 20, 2024

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Question 14 1/ 1 point In a random sample of 50 Americans five years ago (Group 1), the average credit card debt was $5,779. In a random sample of 50 Americans in the present day (Group 2), the average credit card debt is $6,499, Let the population standard deviation be $1,152 five years ago, and let the current population standard deviation be $1,634. Using a 0.01 level of significance, test if there is a difference in credit card debt today versus five years ago. What is the p-value? Make sure you put the O in front of the decimal. (Round to 4 decimal places) p-value =___ Answer: 0.0109 v
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