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According to the government lending institute Sallie Mae, students graduating college in United States have an...

According to the government lending institute Sallie Mae, students graduating college in United States have an average credit card debt of $6,130 with a standard deviation of $840. A random sample of 27 graduating seniors was selected, and their average credit card debt was found to be $5,760. Does this sample provide enough evidence to challenge the findings by Sallie Mae? α = 0.05. What is the decision rule?

Group of answer choices

Reject Ho if test statistics > 1.645 or < -1.645

Reject Ho if test statistics < -1.706 or >1.706

Reject Ho if test statisitcs > 1.96 or <-1.96

Reject Ho if test statistics < -2.056 or >2.056

Math   Statistics-And-Probability   
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