SOLUTION: Use the following to answer questions 14-17: A study by a bank compared the average savings of customers who were depositors for three years or less, with those who had been depos

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Question 325015: Use the following to answer questions 14-17:
A study by a bank compared the average savings of customers who were depositors for three years or less, with those who had been depositors for more than three years. The results of a sample are:


14. Assuming that the financial officer wants to show that there is a difference in the average savings balance between the two classes of depositors, what is the null hypothesis? _____________________

15. For  = 0.05, what is the critical value of t? ___________

16. What is the computed test statistic? ______________

17. What is the p-value if = .05 and the test statistic is 2.807? _____
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
The "results of the sample" did not show up in your post.
Cheers,
Stan H.