Question
According to a study by Federal Reserve Board, the rate charged on credit card debt is more than 14%. Listed below is the interest rate
According to a study by 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: (C.V.=1.833) 14.6, 16.7, 17.4, 17.0, 17.8, 15.4, 13.1, 15.8, 14.3, 14.5 Test whether the mean rate charged is greater than 14%?
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Statistical Techniques In Business And Economics
Authors: Douglas Lind, William Marchal
16th Edition
78020522, 978-0078020520
