Difference in the mean credit card debt

Reference no: EM1386202

Eight male and eight female college students who have credit cards were surveyed and asked their total credit card debt. The responses are given below in dollars:

Males: 1000, 2100, 900, 1200, 1300, 500, 1400, 700

Females: 1300, 500, 2000, 1800, 1300, 1000, 2600, 1400

Researchers wanted to determine if there is a difference in the mean credit card debt owed by males versus females. Using α = 0.10, is there a difference. (Show all six steps of hypothesis testing.)

Reference no: EM1386202

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