Mathematics, 21.04.2020 22:48 james8781

The mean credit card debt among households in one state is $8400. A hypothesis test is to be performed to decide whether the mean credit card debt for households in the formerly affluent town of Rich-No-More differs from the mean credit card debt for the state. The hypotheses are H0: μ = $8400 Ha: μ ≠ $8400 where μ is the mean credit card debt for all households in Rich-No-More. Explain the meaning of a correct decision.

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The mean credit card debt among households in one state is $8400. A hypothesis test is to be perform...