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The quality control manager of a major cell phone provider is concerned about the life of the cell phone batteries they use. He took a sample of 13 batteries from a recent shipment and used them continuously until they failed to work. The manager measured the number of hours the batteries lasted and found the mean to be 550.4 with a standard deviation of 315.3.
-The null and alternative hypotheses to provide evidence that the mean life of the batteries is more than 400 hours is _____.
Unsecured Debts
Obligations for which the borrower does not provide collateral, making them riskier for lenders.
Involuntary Bankruptcy
A legal procedure where creditors petition a court to declare a debtor bankrupt, without the debtor’s consent, in order to recoup some of the owed money.
Chapter 13
A type of bankruptcy filing in the United States that allows individuals earning a regular income to develop a plan to repay all or part of their debts over time.
Steady Income
A consistent flow of money earned or received over time, usually through employment, investments, or other reliable sources.
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