In a random sample of 50 Americans five years ago (Group 1), the average credit card debt was $5,779. In a random sample of 50 Americans in the present day (Group 2), the average credit card debt is $6,499, Let the population standard deviation be $1,152 five years ago, and let the current population standard deviation be $1,634. Using a 0.01 level of significance, test if there is a difference in credit card debt today versus five years ago. What is the p-value? Make sure you put the 0 in front of the decimal. (Round to 4 decimal places) p-value =___

Explanation is in the file

cutt.ly/nz6VGda

because they could drop even lower..

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%