There is interest at the American Savings and Loan as to whether there is a difference between average daily balances in checking accounts that are joint accounts (two or more members per account) versus single accounts (one member per account). To test this, a random sample of checking accounts was selected with the following results: Based upon these data, the critical value from the t-distribution for testing the difference between the two population means using a significance level of 0.05 is t = 1.6772.

Question

There is interest at the American Savings and Loan as to whether there is a difference between average daily balances in checking accounts that are joint accounts (two or more members per account) versus single accounts (one member per account). To test this, a random sample of checking accounts was selected with the following results:  Based upon these data, the critical value from the t-distribution for testing the difference between the two population means using a significance level of 0.05 is t = 1.6772.

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The Answer of There is interest at the American Savings and Loan as to whether there is a difference between average daily balances in checking accounts that are joint accounts (two or more members per account) versus single accounts (one member per account). To test this, a random sample of checking accounts was selected with the following results:  Based upon these data, the critical value from the t-distribution for testing the difference between the two population means using a significance level of 0.05 is t = 1.6772.

There Is Interest at the American Savings and Loan as to Whether