According to a study by the Federal Reserve Board, the rate charged on credit card debt is
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According to a study by the Federal Reserve Board, the rate charged on credit card debt is more than 14%. Listed below is the interest rate charged on a sample of 10 credit cards.
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Is it reasonable to conclude the mean rate charged is greater than 14%? Use the .01 significancelevel.
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Related Book For 
Statistical Techniques In Business And Economics
ISBN: 356
16th Edition
Authors: Douglas Lind, William Marchal
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