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A recent survey by nerdwallet indicated Americans paid a mean of $6,658 interest on credit card debt in 2017. A sample of 12 households with children revealed the following amounts. 7,077 5,744 6,753 7,381 7,625 6,636 7,164 7,348 8,060 5,848 9,275 7,052 Click here for the Excel Data File State the null hypothesis and the alternate hypothesis. State the decision rule for 0.05 significance level. (Round your answer to 3 decimal places.) Compute the value of the test statistic. (Round your answer to 3 decimal places.) Is it reasonable to conclude that these households paid more interest than the survey result
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A recent survey by nerdwallet indicated Americans paid a mean of $6,658 interest on credit card debt...
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