How to find: T statistic to= P Value Null hypothesis rejected? is p value less than a 0.05 level of significance
How to find: T statistic to= P Value Null hypothesis rejected? is p value less than a 0.05 level of significance
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
How to find:
- T statistic to=
- P Value
- Null hypothesis rejected?
- is p value less than a 0.05 level of significance

Transcribed Image Text:According to a recent article about individuals who have credit cards, the mean number of cards per person with credit cards is 4. To test this result a random survey of 60 individuals who have credit cards was conducted. The survey only
includes the number of credit cards per participant. The results of the survey are attached below.
(a) What is the variable of interest in this study? Is it qualitative or quantitative?
(b) Do the results of the survey imply that the mean number of cards per individual is less than 4? Use the a = 0.05 level of significance.
Click the icon to view the data from the survey.
(a) What is the variable of interest in this study? Is it qualitative or quantitative?
The variable of interest is number of credit cards. It is a quantitative variable.
(b) Do the results of the survey imply that the mean number of cards per individual is less than 4? Use the a = 0.05 level of significance. State the null and alternative hypotheses.
Ho:
4
H4:
4
<
(Type integers or decimals.)
Number of credit cards per participant
Determine the t-statistic.
to
(Round to two decimal places as needed.)
4
3
4
4
4
1
3
2
4
4
9.
4
3
4
4
4
3
2
3
3
4
4
4
4
3
2
8
3
3
2
2
2
3
1
4
2
20
2
2
3
2
3
7
1
6.
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