What is the mean difference in credit card debt of the two groups in the origina

Question

What is the mean difference in credit card debt of the two groups in the original data

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

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.

Randomized differences: Mean of CC Debt (Male Female) Count Proportion of 3000 runs 0.2537 0.259 0.5127 Event -677.099378 or below 677.099378 or above Total 761 1538 Frequency 80 60 40 20 0 3000 2000 -10001000 2000 3000 Randomized difference of means

Explanation / Answer

The mean difference in credit card dept of the two groups in the original data is -677.099378.

p-value in your randomization is 0.5172. Here p-value helps you determine the significance of your result.

I feel that there is a difference in mean credit card dept between males and females and support the alternate hypothesis. This is because of a high p-value of 0.5172.

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