Suppose the Institute for College Access & Success would like to determine if there is a difference in the median amount of student-loan debt accrued by 2013 graduates in the states of California, Arizona, Pennsylvania, and Minnesota.

A random sample of 2013 students from each state was selected and their debt amounts were as follows. These data can also be found in the Excel file student loans.xlsx.

California

($)

Arizona

($)

Pennsylvania

($)

Minnesota

($)

24,700 35,100 25,400 23,400 4,600 32,200 51,900 12,600 7,000 5,800 59,400 44,100 17,600 31,500 20,900 60,700 29,500 13,700 35,200 26,000 Using a = 0.05, perform a hypothesis test to determine if the median debt accrued by 2013 graduates differs among the four states.

AppendixLO1