According to student loan provider Sallie Mae, the median amount of money borrowed by a student for college during the 2011€“ 2012 academic year was $ 7,874. Suppose Sallie Mae would like to determine if there was an increase in the median amount borrowed for the following academic year. The following data represent a random sample of student loan amounts for the 2012€“ 2013 academic year. These data can also be found in the Excel file Sallie Mae.xlsx.

Using α = 0.10, perform a hypothesis test to determine if the median amount borrowed increased from the academic year 2011€“ 2012 to the academic year 2012€“ 2013.

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$7,300 $3,100 $14,100 $9,800 $7.400 $13,100 6,000 S4.400 $6,000 $1,800 $12,700