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Hatshy [7]
2 years ago
12

It has been reported that the average credit card debt for college seniors is $3262. The student senate at a large university fe

els 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. At α = 0.05, is the student senate correct? a) State the hypotheses and identify the claim with the correct hypothesis
Mathematics
1 answer:
xeze [42]2 years ago
4 0

Answer:

Following are the solution to the given point:

Step-by-step explanation:

The formulated null hypothesis would be that the reported average do not differ significantly

H_o : \mu = \$3262\\\\H_a :  \mu <  \$3262 \ \text{(One tailed test)}

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