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The Majoring in Money study by Sallie Mae from December 2015 showed that most college students manage their credit cards
Posted: Mon Nov 15, 2021 11:10 am
by answerhappygod
- The Majoring In Money Study By Sallie Mae From December 2015 Showed That Most College Students Manage Their Credit Cards 1 (38.98 KiB) Viewed 81 times
The Majoring in Money study by Sallie Mae from December 2015 showed that most college students manage their credit cards in a reasonable way. It showed that almost two-thirds of students pay their credit card balance in full every month and 26% of students who own credit cards make partial payments that exceed the minimum amount due. You are curious to find out if credit card payment behavior of students has changed since 2015 and collect data from a random sample of 340 students. You find that 72 students are making partial payments on their credit cards that exceed the minimum amount due. Using a = 0.01, complete parts a and b below. make partial payments that exceed the minimum amount has decreased since 2015? Determine the null and alternative hypotheses. Choose the correct answer below. A. Ho: p20.26 H:p<0.26 B. Họp > 0.26 H:p=0.26 OD. Ho: p=0.26 H:p>0.26 0C. Ho p = 0.26 HT: P+0.26 Determine the critical value of the test statistic. Ζα (Type an integer or decimal rounded to two decimal places as needed.)