A 2019 survey of American households with two or more children indicated the mean annual interest paid
Question:
A 2019 survey of American households with two or more children indicated the mean annual interest paid on household debt was $8,000. A sample of 12 households reported the following annual paid interest. At the .05 significance level is it reasonable to conclude that these households paid less than $8,000 of interest per year?
Transcribed Image Text:
7077 5744 6753 7381 7625 6636 7164 7348 8060 5848 9275 7052
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 25% (8 reviews)
Using apvalue calculator or statistical software the pvalue 0451 Reject H ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Statistical Techniques In Business And Economics
ISBN: 9781260239478
18th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen
Question Posted:
Students also viewed these Mathematics questions
-
Is it reasonable to hold principals responsible for contracts formed with only apparent authority? What are the tradeoffs?
-
Is it reasonable to expect that protein degradation can take place at any location in a cell?
-
Is it reasonable to have different biometric identification requirements for visitors from different nations? Explain your answer. What would you recommend as criteria for deciding which countries...
-
The light bulbs produced by Edison Lighting Corporation last an average of 300 h. The life of the light bulbs is believed to follow a normal distribution with a standard deviation of 10. A customer...
-
How have total output and output per worker changed over time in Canada? How have these changes affected the lives of typical Canadians?
-
American Corporation received a $400,000 low bid from a reputable manufacturer for the construction of special production equipment needed by American in an expansion program. Because its own plant...
-
Question: Mantra Films sold "Girls Gone Wild" DVDs on the Internet. When customers ordered one DVD, the company would enroll them automatically in a "continuity program" and send them unordered DVDs...
-
Each of the following situations involves possible violations of the AICPA's Code of Professional Conduct. For each situation, state whether it is a violation of the Code. In those cases in which it...
-
You are trying to value KGN share today (End of 2020). Assume the current price of the share in the stock market is $17.99. Assume that the total dividend paid by KGN in the 2020 year were paid as a...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Refer to Table 103 and the example just completed. With n = 100, = 400, X c = 10,078, and 1 = 10,100, verify that the probability of a Type II error is .2912. Data From Table 10-3: Selected...
-
According to ValuePenguin.com, the current 30-year mortgage rate is now less than 5%. A sample of eight small banks in the Midwest revealed the following rates (in percent): At the .01 significance...
-
The probability density function for the number of fatal traffic accidents was found to be where t is the number of hours since midnight on [0, 24]. Calculate the expected time of day at which a...
-
The management of accounting information and the recording of transactions The company "Green Lawn" began its operations on April 1. By April 30, the trial balance showed the following balances in...
-
Predictive analytics in business is an important application of multiple regression analysis. Generally speaking, what is meant by predictive analytics? As a business owner, how could you use...
-
Budgeting and Variance Analysis Using Only a Single Unit-Level Driver Lawson Dental Products produces two different dental instruments in its St. Louis plant: crown crimping pliers and curved crown...
-
Black swans illustrate one of the many ways in which people tend to misperceive or misinterpret statistics and probabilities. Explain what a black swan is ( the financial type ) and give several...
-
Whether the trial judge made a palpable and overriding error of fact in finding that the plaintiff was out of work for two weeks before commencing new employment after his dismissal from the...
-
In case of verticle Balance sheet, each of item of balance sheets is expressed as percent of Total Assets Accordingly, the Verticle Common size B/S is as follows: Absoluted 26-Feb- 27-Feb- 11 10...
-
(8%) Problem 6: A student attaches a f= 3.5 kHz oscillator to one end of a metal rail of length L = 25 m. The student turns on the oscillator and uses a piezoelectric gauge at the other end to...
-
Given the following hypotheses: H0: 20 H1: < 20 A random sample of five resulted in the following values: 18, 15, 12, 19, and 21. Assume a normal population. Using the .01 significance level, can...
-
Given the following hypotheses: H0: = 100 H1: 100 A random sample of six resulted in the following values: 118, 105, 112, 119, 105, and 111. Assume a normal population. Using the .05 significance...
-
The amount of water consumed each day by a healthy adult follows a normal distribution with a mean of 1.4 liters. A health campaign promotes the consumption of at least 2.0 liters per day. A sample...
-
Sociedad de responsabilidad limitada Corporacion privada Corporacion Publica Cuales son sus diferencias entre ellas y la responsabilidad que tienen sus duenos?
-
A creative engineer suggests structuring the TLB so that not all the bits of the presented address need match to result in a hit. Suggest how this might be achieved, and what might be the costs and...
-
Heuristic algorithms for the rate-constrained resource allocation problem can be classified in a number of ways. If they rank the tasks and do not change this ranking during the scheduling process,...
Study smarter with the SolutionInn App