Suppose you want to compare the amount of credit card debt

Reference no: EM13641993

Suppose you want to compare the amount of credit card debt for males and females. The null hypothesis for this problem would be no difference in the mean amount of credit card debt for males and females and the alternate hypotheses would be that there is a difference in mean amounts of credit card debt. Conduct a randomization test for two means with 3000 randomizations. (Your input menu should be as follows.)

a) Paste the output from your randomization test here.

b) What is the mean difference in credit card debt of the two groups in the original data?

c) What p-value did you get in your randomization? Explain in the context of the problem what the p-value means.

d) Do you think the data support the null hypothesis of no difference in mean credit card debt between males and females or the alternate hypothesis that there is a difference? Explain your answer.

Reference no: EM13641993

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