A credit card company claims that the mean credit card debt for individuals is greater than $4,900. You want to test this claim. You find that a random sample of 33 cardholders has a mean credit card balance of $5,084 and a standard deviation of $575. At a=0.10, can you support the claim? Complete parts (a) through (e) below. Assume the population is normally distributed. (a) Write the claim mathematically and identify Ho and Ha Which of the following correctly states Ho and H₂? OA. Ho: $4,900 H₂ μ#$4,900 OD. Ho: μ> $4,900 H₂ μ≤ $4,900 OB. Ho: $4,900 H₂ μ> $4,900 O E. Ho: $4,900 H₂ μ<$4,900 4 OC. Ho:p>$4,900 Ha ≤$4,900 OF. Ho: us$4,900 H₂ μ>$4,900

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Author:Amos Gilat
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Chapter1: Starting With Matlab
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K
A credit card company claims that the mean credit card debt for individuals is greater than $4,900. You want to test
this claim. You find that a random sample of 33 cardholders has a mean credit card balance of $5,084 and a standard
deviation of $575. At a=0.10, can you support the claim? Complete parts (a) through (e) below. Assume the
population is normally distributed.
(a) Write the claim mathematically and identify Hō and Ha
Which of the following correctly states Hō and H₂?
OB.
A. Ho: p= $4,900
H₂ μ#$4,900
OD. Ho: u> $4,900
H₂ μ≤ $4,900
Hop-$4,900
H₂:μ> $4,900
OE. Ho: u≥$4,900
H₂ μ< $4,900
A
OC. Ho p>$4,900
H₂μ≤$4,900
OF. Ho p≤$4,900
H₂:μ>$4,900
Transcribed Image Text:K A credit card company claims that the mean credit card debt for individuals is greater than $4,900. You want to test this claim. You find that a random sample of 33 cardholders has a mean credit card balance of $5,084 and a standard deviation of $575. At a=0.10, can you support the claim? Complete parts (a) through (e) below. Assume the population is normally distributed. (a) Write the claim mathematically and identify Hō and Ha Which of the following correctly states Hō and H₂? OB. A. Ho: p= $4,900 H₂ μ#$4,900 OD. Ho: u> $4,900 H₂ μ≤ $4,900 Hop-$4,900 H₂:μ> $4,900 OE. Ho: u≥$4,900 H₂ μ< $4,900 A OC. Ho p>$4,900 H₂μ≤$4,900 OF. Ho p≤$4,900 H₂:μ>$4,900
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