3. (20 pts)in a study entitled "How undergraduate students use credit cards, it was reported that all-time high and had

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3 20 Pts In A Study Entitled How Undergraduate Students Use Credit Cards It Was Reported That All Time High And Had 1 (16.47 KiB) Viewed 71 times

3. (20 pts)in a study entitled "How undergraduate students use credit cards, it was reported that all-time high and had increased 44 over the last five years. Assume that a current study is undergraduate students in 2016 had a mean credit card balance of 53,173This sure wasatan being conducted to determine if it can be concluded that the mean credit card balance for undergraduate students has continued to increase compared to the 2016 report. Based on previous studies, use a population standard deviation of $1,000. If a sample of 180, undergraduate students yield a mean of $3,325.