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With many other options available, customers no longer let their money sit in a checking account. For many years the mean checking balance has been $1,600. Does the sample data indicate that the mean account balance has declined from this value? Hint: Use hypothesis testing. What is the p-value? Will the Null hypothesis be rejected at significance level of 1%, 2% 5% or 7%?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9105082

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