2 What pvalue did you get in your randomization Explain in t

2. What p-value did you get in your randomization? Explain in the context of the problem what the p-value means.

3. Do you think the data support the null hypothesis of no difference in mean credit card debt between males and females or the alternate hypothesis that there is a difference? Explain your answer.

Solution

1.) Mean difference = 0.1887 + 0.1806 = 0.3693

2.) Z = 0.3693/(0.3693×0.6307)

= 0.7652

P-value = 0.4441 > 0.05

3.) the data support the null hypothesis of no difference in mean credit card debt between males and females