Credit Card Debt It has been reported that the average credit card debt for college seniors at the college book store for a specific college is $3262. The student senate at a large university feels that their seniors have a debt much less than this, so it conducts a study of 50 randomly selected seniors and finds that the average debt is $2995, and the population standard deviation is $1100. With a 0.05, is the student senate correct?
Credit Card Debt It has been reported that the average credit card debt for college seniors at the college book store for a specific college is $3262. The student senate at a large university feels that their seniors have a debt much less than this, so it conducts a study of 50 randomly selected seniors and finds that the average debt is $2995, and the population standard deviation is $1100. With a 0.05, is the student senate correct?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Credit Card Debt It has been reported that the average
credit card debt for college seniors at the college book
store for a specific college is $3262. The student senate
at a large university feels that their seniors have a debt
much less than this, so it conducts a study of 50
randomly selected seniors and finds that the average debt
is $2995, and the population standard deviation is $1100.
With a 0.05, is the student senate correct?
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