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Some analysts suggest that the average credit card debt for college students is $5,000, but university officials do not think that is true (i.e. the alternative hypothesis is H1: µ ≠ $5,000). If the 95% confidence interval estimating average credit debt among students is [$4,095, $5,025], what conclusion can be drawn? a. $5,000 is in the interval, so we fail to reject the null. b. $5,000 is not in the interval, so another sample is needed. c. $5,000 is not in the interval, so we reject the null. d. Since this was not based on a population, we cannot make a conclusion.

Some analysts suggest that the average credit card debt for college students is $5,000, but university officials do not think that is true (i.e. the alternative hypothesis is H1: µ ≠ $5,000). If the 95% confidence interval estimating average credit debt among students is [$4,095, $5,025], what conclusion can be drawn? a. $5,000 is in the interval, so we fail to reject the null. b. $5,000 is not in the interval, so another sample is needed. c. $5,000 is not in the interval, so we reject the null. d. Since this was not based on a population, we cannot make a conclusion.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Some analysts suggest that the average credit card debt for college students is $5,000, but university officials do not think that is true (i.e. the alternative hypothesis is H1: µ ≠ $5,000). If the 95% confidence interval estimating average credit debt among students is [$4,095, $5,025], what conclusion can be drawn?

a. $5,000 is in the interval, so we fail to reject the null.

b. $5,000 is not in the interval, so another sample is needed.

c. $5,000 is not in the interval, so we reject the null.

d. Since this was not based on a population, we cannot make a conclusion.

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