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  3. a study found that consumers are making average monthly debt...

Question: a study found that consumers are making average monthly debt...

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A study found that consumers are making average monthly debt payments of $983 (Experian.com, November 11, 2010). The data accompanying this exercise show the average debt payments (Debt, in $) for 26 metropolitan areas City Washington, D.C. Seattle Baltimore Boston Denver San Francisco San Diego Sacramento Los Angeles Chicago Philadelphia Minneapolis New York Atlanta Dallas Phoenix Portland Cincinnati Houston Columbus St. Louis Miami Detroit Cleveland Tampa Pittsburgh $1,285 1,135 1,133 1,133 1,104 1,098 1,076 1,045 1,024 1,017 1,011 1,011 989 986 970 957 948 920 889 886 867 832 812 791 763 Source: www.Experian.com, November 11, 2010c-2. Find the p-value. Op-value0.01 0.01 s p-value<0.025 0.025 sp-value<0.05 0.05 s p-value<0.10 Op-value z 0.10 d. At a-0.05 what is your conclusion? OReject Ho: the average monthly debt payments are greater than $900. Reject Ho: the average monthly debt payments are not greater than $900. Do not reject Ho the average monthly debt payments are greater than $900. Do not reject Ho the average monthly debt payments are not greater than $900.

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