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2. A sample of 64 account balances from a credit company showed an average daily balance of $1,040. The standard deviation of the population is

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2. A sample of 64 account balances from a credit company showed an average daily balance of $1,040. The standard deviation of the population is known to be $200. We are interested in determining if the mean of all account balances (i.e., population mean) is significantly different from $1,000. a. Develop the appropriate hypotheses for this nroblem b. Compute the test statistic. C. Compute the p-value. Using the p-value approach at 95% confidence, test the above hypotheses. C. Using the critical value approach at 95% confidence, test the hypotheses

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