A credit card company claims that the mean credit card debt for individuals is greater...
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A credit card company claims that the mean credit card debt for individuals is greater than $5,200. You want to test this claim. You find that a random sample of 36 cardholders a mean credit card balance of $5,352 and a standard deviation of $550. At a=0.05, can you support the claim? Complete parts (a) through (e) below. Assume the population is normally distributed.(a) Write the claim mathematically and identify Ho and Ha-Which of the following correctly states Ho and Ha?A. Ho us $5,200Ha:p>$5,200B. Ho: 2$5,200Ha:?<$5,200C. Ho u>$5,200Ha us$5,200D. Ho: ?=$5,200Ha:p>$5,200E. Ho: H=$5,200Ha:??$5,200F. Ho: $5,200Ha:?? $5,200
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