In order to estimate the median amount of new credit card charges for the previous month, a financial service accountant randomly selects 10 credit card accounts and records the amount of new charges for each account for the previous month. The amounts are listed below. At alpha equals0.05 , the accountant wants to know whether he can conclude that the median amount of new credit card charges for the previous month was more than $ 250
In order to estimate the median amount of new credit card charges for the previous month, a financial service accountant randomly selects
credit card accounts and records the amount of new charges for each account for the previous month. The amounts are listed below. At
equals0.05
the accountant wants to know whether he can conclude that the median amount of new credit card charges for the previous month was more than
Start 2 By 5 Matrix 1st Row 1st Column $ 298.22 2nd Column $ 220.73 3rd Column $ 336.15 4st Column $ 325.54 5st Column $ 270.75 2nd Row 1st Column $ 310.35 2nd Column $ 302.33 3rd Column $ 282.01 4st Column $ 231.15 5st Column $ 262.23 EndMatrix
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and
median greater than or equals $ 250 median greater than $ 250 median less than $ 250
and
is
and
is
is
and
is
is
and
is
is
and
is
significance level,
enough evidence for the accountant to conclude that the median amount of new credit card charges for the previous month was more than
.
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