A credit card company claims that the mean credit card debt

Last updated: 7/20/2022

A credit card company claims that the mean credit card debt for individuals is greater than $5,200. You want to test this claim. You find that a random sample of 36 cardholders a mean credit card balance of $5,352 and a standard deviation of $550. At a=0.05, can you support the claim? Complete parts (a) through (e) below. Assume the population is normally distributed. (a) Write the claim mathematically and identify Ho and Ha- Which of the following correctly states Ho and Ha? A. Ho us $5,200 Ha:p>$5,200 B. Ho: 2$5,200 Ha:μ<$5,200 C. Ho u>$5,200 Ha us$5,200 D. Ho: μ=$5,200 Ha:p>$5,200 E. Ho: H=$5,200 Ha:μ≠$5,200 F. Ho: $5,200 Ha:μ≤ $5,200