Discuss the below in detail:
Q: In a study entitled How Undergraduate Students Use Credit Cards, it was reported that undergraduate students have a mean credit card balance of $3173 (Sallie Mae, April 2009). Assume that a current study is being conducted to determine if it can be concluded that the mean credit card for undergraduate students has increased compared to the April 2009 report. Which of the following choices is the correct set of hypotheses for question?