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The Loan Manager for State Bank and Trust Has Claimed

Question 94

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The loan manager for State Bank and Trust has claimed that the mean loan balance on outstanding loans at the bank is over $14,500.To test this at a significance level of 0.05,a random sample of n = 100 loan accounts is selected.Assuming that the population standard deviation is known to be $3,000,the null and alternative hypotheses to be tested are: The loan manager for State Bank and Trust has claimed that the mean loan balance on outstanding loans at the bank is over $14,500.To test this at a significance level of 0.05,a random sample of n = 100 loan accounts is selected.Assuming that the population standard deviation is known to be $3,000,the null and alternative hypotheses to be tested are: . .

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