To study the average amount of debts in Canada

| September 28, 2016

Affordable Essays

To study the average amount of debts in Canada
To study the average amount of debts in Canada, 100 Canadians were surveyed. The amount of debt of each one was recorded. The sample gave an average of 28110 CAD with standard deviation of 3500 CAD. It is believed that the actual mean value of the debt in Canada is 27500. Given our data, we would like to test if the actual mean of debt is higher than 27500. (A) State the null and alternative hypotheses and compute the value of the test statistic. (B) Compute the p-value for this test (C) Draw a conclusion by comparing the p-value you obtained in part (B) to ? = 0.05.

We can offer a similar ASSIGNMENT at a reasonable price. All our papers are written from the scratch and 100% plagiarism free.

Get a 5 % discount on an order above $ 150
Use the following coupon code :
The world's smallest mammal is the bumblebee bat
Gibbs Baby Food Company wishes to compare the weight gain of infants

Category: Uncategorized

Our Services:
Order a customized paper today!
Open chat
Hello, we are here to help with your assignments