QUESTION 30 Using basic demographic information (age, household income, marital status, etc.), you collect a random samp

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Question 30 Using Basic Demographic Information Age Household Income Marital Status Etc You Collect A Random Samp 1 (21.78 KiB) Viewed 20 times

QUESTION 30 Using basic demographic information (age, household income, marital status, etc.), you collect a random sample size 184 customers who accepted a special balance transfer offer from a major credit card company six months ago. The company wants to determine if there is evidence that it would profit by offering the deal to the population of customers with those same demographic characteristics. The sample mean balance transfer amount is 1919 with a sample standard deviation of 446, Based on the information above, if the company were to perform a hypothesis test at a = 0,05, what is the largest value it could specify in the null hypothesis and still fail to reject the null hypothesis? Hint: Think about the relationship between hypothesis tests and intervals. Specifically, think about how a test done at a=0.05 would relate to a 95% confidence interval?