Refer to Table 2.19 (page 41) for the amounts of 40 personal loans. Assuming that these are rando

Refer to Table 2.19 (page 41) for the amounts of 40 personal loans. Assuming that these are rando

Refer to Table 2.19 (page 41) for the amounts of 40 personal loans. Assuming that these are random sample data, use available computer software to test the null hypothesis that the mean loan amount in the population is $1,000.00 against the alternative that it is different, using the 1 percent level of significance.

Table 2.19 The Amounts of 40 Personal Loans

$ 932

$1,000

$ 356

$2,227

515 554

554

1,190

954

452973

973

300

 

1,900

660

1,610

445

1,200

720

1,525

784

1,278

1,388

1,000

870

2,540

851

1,890

630

586

329

935

3,000

1,650

1,423

592

334

1,219

727

655

1,590

 

 

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