A study of 25 graduates of four-year public colleges revealed the mean amount owed by a student

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A study of 25 graduates of four-year public colleges revealed the mean amount owed by a student in student loans was $55,051. The standard deviation of the sample was $7,568. Construct a 90% confidence interval for the population mean. Is it reasonable to conclude that the mean of the population is actually $55,000? Explain why or why not.

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Basic Statistics For Business And Economics

ISBN: 9781260187502

9th Edition

Authors: Douglas A. Lind, William G Marchal, Samuel A. Wathen

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