In a study entitled How Undergraduate Students Use Credit Cards, Sallie Mae reported that undergraduate students have a mean credit card balance of $3049. This figure was an all-time high and had increased 48%% over the previous five years. Assume that a current study is being conducted to determine if it can be concluded that the mean credit card balance for undergraduate students has continued to increase compared to the April 2009 report. Based on previous studies, use a population standard deviation o = $1100. a. State the null and alternative hypotheses. Ho: # S 3049 Ha: p > 3049 b. What is the p-value for a sample of 160 undergraduate students with a sample mean credit card balance of $3184? If your answer is zero enter "(". z value (to 2 decimals) p-value (to 4 decimals) c. Using a 0.02 level of significance, what is your conclusion? Do not reject null hypothesis v Conclude that student mean credit card debt is smaller than $3049