Business
Business, 05.05.2020 02:59, breannaratliff23

According to a recent survey by American Banker, the average amount owed by a household in the United States is $71,500. The 99% confidence interval for the average amount owed by all households in the United States is {$69,632; $73,368}. True or false? This confidence interval provides evidence that the average amount owed by all households in the United States exceeds $70,000. (Remember, if you say it is true, the average MUST exceed $70,000).

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