Essay
Interest Rates Narrative
The following 10 observations are interest rates on unpaid balances on credit cards for a department store: 10.4, 10.1, 9.5, 10.5, 10.6, 9.3, 9.9, 10.7, 9.5, and 10.0.
-Refer to Interest Rates Narrative. Calculate the test statistic , specify the rejection region and then test the hypothesis . Use
= 0.01.
Correct Answer:

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The test statistic is
= (10.05 - 10.5)/...View Answer
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Correct Answer:
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