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What is the direction of the test

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A retail credit association wants to test the hypothesis that for all department stores in a certain city, the average size of a delinquent charge account is $108. To be specific, it wants to test the hypothesis against the alternative that the average is not $108 at a level of significance of .05. What can they conclude if 16 delinquent accounts (selected at random) have a mean of $114 and a standard deviation of $8.50?

What is the direction of the test? (TWO-TAILED or UPPER-TAILED or LOWER-TAILED)

Reference no: EM132188597

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