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A sample of 39 account balances of a credit company showed an average balance of $1,177 and a standard deviation of $135. You want to

A sample of 39 account balances of a credit company showed an average balance of $1,177 and a standard deviation of $135. You want to determine if the mean of all account balancesissignificantlygreaterthan $1,150. Use a 0.05 level of significance. Assume the population ofaccount balances is normally distributed.

Compute the test statistic.

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