According to a lending instistution, students graduating from
college have an average credit card debt of $4,100. A sample of 50
graduating seniors was selected, and their average credit card debt
was found to be $4,462. Assume the standard deviation for student
credit card debt is $1,200. Using alpha= 0.10, complete a-c
below.
a.
The z-test statistic is _____
b.
The critical z score(s) is(are)_____
c.
The p-value is_____