A credit card company wants to test the hypothesis that its account holders spend an average of $100 per month at gasoline stati

Question

3 years ago

15

A credit card company wants to test the hypothesis that its account holders spend an average of $100 per month at gasoline stati

ons. They take a sample of 1000 accounts and find an average spend of $115 with a standard deviation of $41. Conduct this hypothesis test with a .01 level of significance. What is the test statistic? Answer to two decimal places. Hint: this is a two-tail test.

Mathematics

1 answer:

Musya8 [376] · Answer 1 · 2022-04-02T00:00:33+03:00

Musya8 [376]3 years ago

6 0

Answer: I hate this app

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