Determine if there is difference in mean credit card debt


Eight male and eight female college students who have credit cards were surveyed and asked their total credit card debt. The responses are given below in dollars:

Males: 1000, 2100, 900, 1200, 1300, 500, 1400, 700
Females: 1300, 500, 2000, 1800, 1300, 1000, 2600, 1400

Researchers wanted to determine if there is a difference in the mean credit card debt owed by males versus females. Using α = 0.10, is there a difference. (Show all six steps of hypothesis testing.)

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Basic Statistics: Determine if there is difference in mean credit card debt
Reference No:- TGS094312

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