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A manager of the credit department for an oil company would like to determine whether the mean monthly balance of credit card holders is equal
A manager of the credit department for an oil company would like to determine whether the mean monthly balance of credit card holders is equal to $102. An auditor selects a random sample of 32 accounts and finds that the mean owed is $111.5 with a sample standard deviation of $23.15. Suppose you wanted to conduct a test to determine whether the auditor should conclude that there is evidence that the mean balance is different from $102. The appropriate hypotheses to test are Select one: O Ho: | 2 102 and H1: | 102 O Ho: N = 102 and H1: 1 = 102 O Ho: H = 102 and H1: 1 = 102 O Ho: H > 102 and H1: Us 102 Check
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