According to the report by the​ government-lending institution, college students who have credit cards have an average credit card balance of $1,066. A random sample of 60 college students was​ selected, and their average credit card debt was found to be $1,429. Assume the standard deviation for student credit card debt is $286. Using α=0.10​, complete parts a and b below.   Determine the null and alternative hypotheses. H0 : H1 : Test statistics = Critical Value = P value =

MATLAB: An Introduction with Applications
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According to the report by the​ government-lending institution, college students who have credit cards have an average credit card balance of $1,066. A random sample of 60 college students was​ selected, and their average credit card debt was found to be $1,429. Assume the standard deviation for student credit card debt is $286. Using α=0.10​, complete parts a and b below.

 

Determine the null and alternative hypotheses.
H0 :

H1 :

Test statistics =

Critical Value =

P value =

 

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