see excel spreadsheet. This your answer
A credit card company claims that the mean credit card debt for individuals is greater than $ 5000. You want to test this claim. You find that a random sample of 30 cardholders has a mean credit card balance of $ 5202 and a standard deviation of $ 600. At alpha equals 0.01, can you support the claim? Complete parts (a) through (e) below. Assume the population is normally distributed.
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A credit card company claims that the mean credit card debt for individuals is greater than $ 5000. You want to test this claim. You find that a random sample of 30 cardholders has a mean credit card balance of $ 5202 and a standard deviation of $ 600. At alpha equals 0.01, can you support the claim? Complete parts (a) through (e) below. Assume the population is normally distributed.
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see excel spreadsheet. This your answer