Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me find the null and alternative hypotheses and explain why Assignments Do Homework - Anais Chantha x C mathxl.com/Student/PlayerHomework.aspx?homeworkld=567552776&questionld=3&flushed=false&cld=6052099¢erwin=yes J gbs221_13460 Anais Chantharaj-Walls

Please help me find the null and alternative hypotheses and explain why

image text in transcribed
Assignments Do Homework - Anais Chantha x C mathxl.com/Student/PlayerHomework.aspx?homeworkld=567552776&questionld=3&flushed=false&cld=6052099¢erwin=yes J gbs221_13460 Anais Chantharaj-Walls & | 07/22/20 6:15 PM Homework: Lesson 8 Homework Save Score: 0 of 3 pts 9 of 10 (8 complete) HW Score: 74%, 22.2 of 30 pts 9.4.30-E Question Help The Majoring in Money study by Sallie Mae from December 2015 showed that most college students manage their credit cards in a reasonable way. It showed that almost two-thirds of students pay their credit card balance in full every month and 23% of students who own credit cards make partial payments that exceed the minimum amount due. You are curious to find out if credit card payment behavior of students has changed since 2015 and collect data from a random sample of 380 students. You find that 75 students are making partial payments on their credit cards that exceed the minimum amount due. Using a = 0.01, complete parts a and b below. a. Does this sample provide support for the hypothesis that the proportion of students who make partial payments that exceed the minimum amount has decreased since 2015? Determine the null and alternative hypotheses. Choose the correct answer below. O A. Ho: p 2 0.23 O B. Ho: P = 0.23 Hy : p 0.23 O D. Ho: P$0.23 Hy : ps0.23 H1: p > 0.23 Click to select your answer and then click Check Answer. ? xparts emaining Clear All Final Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

EnVision Algebra 1

Authors: Al Cuoco, Christine D. Thomas, Danielle Kennedy, Eric Milou, Rose Mary Zbiek

Student Edition

0328931578, 978-0328931576

More Books

Students also viewed these Mathematics questions