# Formulate the hypotheses to determine the mean of all account balances, homework help

Jan 12th, 2016
Steve1995
Category:
Statistics
Price: \$10 USD

Question description

• Question 1

A sample of 81 account balances of a credit company showed an average balance of \$1,200 with a standard deviation of \$126.

1. Formulate the hypotheses that can be used to determine whether the mean of all account balances is significantly different from \$1,150.
2. Compute the test statistic.
3. Using the p-value approach, what is your conclusion? Let α = .05.

I HAVE ATTACHED DOCUMENT WITH OTHER QUESTIONS BECAUSE THEY INCLUDE PICS.WEEK 6 ASSISGNMENT STATISTICS.docx

(Top Tutor) Daniel C.
(997)
School: UCLA

Studypool has helped 1,244,100 students

## Review from our student for this Answer

FratBro23
Jan 12th, 2016
"all I can say is wow very fast work, great work thanks"

1824 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors