A study of 25 graduates of colleges revealed the mean amount owed by a student was $14,381.
Question:
A study of 25 graduates of colleges revealed the mean amount owed by a student was $14,381. The standard deviation of the sample was $1892. Construct a 90% confidence interval for the population mean. Is it reasonable to conclude that the mean of the population is actually $15,000? Explain why or why not.
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Between 13734 up to 1502...View the full answer
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Related Book For 
Basic Statistics For Business & Economics
ISBN: 9781259268939
6th Canadian Edition
Authors: Douglas A. Lind, William G Marchal, Samuel A. Wathen, Carol Ann Waite
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