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The Majoring in Money study by Sallie Mae from December 2015 showed that most college students manage their credit cards in a reasonable way. It showed 23% of students who own credit cards make partial payments that exceed the minimum amount due. You are curious to find out if the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015 and collect data from a random sample of 380 students. You find that 69 students are making partial payments on their credit cards that exceed the minimum amount due. Using a=0.01, complete parts a and b below. O B. Do not reject Ho. There is sufficient evidence to conclude that the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015. BECKER OC. Reject Ho. There is sufficient evidence to conclude that the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015. OD. Reject Ho. There is not sufficient evidence to conclude that the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015. b. Determine the p-value for this test. p-value= (Type an integer or decimal rounded to four decimal places as neded.)

The Majoring in Money study by Sallie Mae from December 2015 showed that most college students manage their credit cards in a reasonable way. It showed 23% of students who own credit cards make partial payments that exceed the minimum amount due. You are curious to find out if the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015 and collect data from a random sample of 380 students. You find that 69 students are making partial payments on their credit cards that exceed the minimum amount due. Using a=0.01, complete parts a and b below. O B. Do not reject Ho. There is sufficient evidence to conclude that the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015. BECKER OC. Reject Ho. There is sufficient evidence to conclude that the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015. OD. Reject Ho. There is not sufficient evidence to conclude that the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015. b. Determine the p-value for this test. p-value= (Type an integer or decimal rounded to four decimal places as neded.)

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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The Majoring in Money study by Sallie Mae from December 2015 showed that most college students manage their credit cards in a reasonable way. It showed 23% of students who own credit cards make partial payments that exceed the minimum amount due. You are curious to find out if the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015 and collect data from a random sample of 380 students. You find that 69 students are making partial payments on their credit cards that exceed the minimum amount due. Using a = 0.01, complete parts a and b below. MUURS SUVIVUSDE O B. Do not reject Ho. There is sufficient evidence to conclude that the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015. ELE O c. Reject Ho. There is sufficient evidence to conclude that the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015. O D. Reject Ho. There is not sufficient evidence to conclude that the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015. b. Determine the p-value for this test. p-value= (Type an integer or decimal rounded to four decimal places as neded.)
Transcribed Image Text:The Majoring in Money study by Sallie Mae from December 2015 showed that most college students manage their credit cards in a reasonable way. It showed 23% of students who own credit cards make partial payments that exceed the minimum amount due. You are curious to find out if the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015 and collect data from a random sample of 380 students. You find that 69 students are making partial payments on their credit cards that exceed the minimum amount due. Using a = 0.01, complete parts a and b below. MUURS SUVIVUSDE O B. Do not reject Ho. There is sufficient evidence to conclude that the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015. ELE O c. Reject Ho. There is sufficient evidence to conclude that the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015. O D. Reject Ho. There is not sufficient evidence to conclude that the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015. b. Determine the p-value for this test. p-value= (Type an integer or decimal rounded to four decimal places as neded.)
The Majoring in Money study by Sallie Mae from December 2015 showed that most college students manage their credit cards in a reasonable way. It showed 23% of students who own credit cards make partial payments that exceed the minimum amount due. You are curious to find out if the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015 and collect data from a random sample of 380 students. You find that 69 students are making partial payments on their credit cards that exceed the minimum amount due. Using a = 0.01, complete parts a and b below. UÀ A. Ho: p=0.23 H₁: p=0.23 OC. Ho: p=0.23 H₁ p<0.23 Determine the critical value of the test statistic. Zα = (Type an integer or decimal rounded to two decimal places as needed.) Calculate the test statistic. 20 = 1 B. Ho p≤ 0.23 H₁ p>0.23 D. Ho: p>0.23 H₁: p≤0.23
Transcribed Image Text:The Majoring in Money study by Sallie Mae from December 2015 showed that most college students manage their credit cards in a reasonable way. It showed 23% of students who own credit cards make partial payments that exceed the minimum amount due. You are curious to find out if the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015 and collect data from a random sample of 380 students. You find that 69 students are making partial payments on their credit cards that exceed the minimum amount due. Using a = 0.01, complete parts a and b below. UÀ A. Ho: p=0.23 H₁: p=0.23 OC. Ho: p=0.23 H₁ p<0.23 Determine the critical value of the test statistic. Zα = (Type an integer or decimal rounded to two decimal places as needed.) Calculate the test statistic. 20 = 1 B. Ho p≤ 0.23 H₁ p>0.23 D. Ho: p>0.23 H₁: p≤0.23
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