Determine the mean credit card for undergraduate students

Assignment Help Basic Statistics

Reference no: EM131889599

Question: In a study entitled How Undergraduate Students Use Credit Cards, it was reported that undergraduate students have a mean credit card balance of $3173 (Sallie Mae, April 2009). Assume that a current study is being conducted to determine if it can be concluded that the mean credit card for undergraduate students has increased compared to the April 2009 report. For a sample of 180 students with a sample mean of $3325 and a sample standard deviation of $1000, what is the p-value?

Reference no: EM131889599

Questions Cloud

Discuss the importance of human technology : Ranking the knowledge of employees is difficult because the areas of knowledge are varied. However, human technology is also important and applicable in every.

Resident of boston pays boston an annual tax : Ann, a resident of Boston pays Boston an annual tax of $50 plus 2.3% of her annual income. If ann paid $1,499 in tax, what was Ann's income?

Provide a modification of the timed pn model presented : Imagine that some transition of a PN models a process of this type. Provide a modification of the timed PN model presented here that is able to cope with case.

Briefly describe the both types of interviews : More companies are using structured interviews such as the situational interview and the behavior description interview because they are more valid.

Determine the mean credit card for undergraduate students : In a study entitled How Undergraduate Students Use Credit Cards, it was reported that undergraduate students have a mean credit card balance of $3173.

Discuss the application of the principles of generality : Discuss the application of the principles of generality and anticipation of change to the construction of specifications.

Maximum and minimum values and saddle points : Use a graph or level curves or both to find the local maximum and minimum values and saddle points of the function.

Analyze the firm actions for instances of inconsistencies : Analyze the firm's actions for instances of inconsistencies, or practices where the words in the mission, espoused values, or goals, don't match the actions.

Maximize the company profit : What is the company's profit if 800 donuts are made daily? How many donuts should be made daily in order to maximize the company's profit?

User Account

All Pages