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Mathematics, 12.10.2020 14:01 serenityharmon1
According to the report by the government-lending institution, college students who have credit cards have an average credit card balance of $1,076. A random sample of 40 college students was selected, and their average credit card debt was found to be $1,436. Assume the standard deviation for student credit card debt is $276. Using α=0.10 to complete parts a and b below.
a. Does this sample provide enough evidence to challenge the findings by Sallie Mae?
b. Determine the p-value for this test.
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