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A student who is about to graduate college read that the mean amount of debt for student loans is $38,390. The student thinks that the
A student who is about to graduate college read that the mean amount of debt for student loans is $38,390. The student thinks that the mean amount of debt is now different. 50, the student randomly selected 30 recent college graduates and found that the mean amount of student loan debt was $40,130 with a standard deviation of $4,780. Determine the P-Value and write the appropriate conclusion using a or = 0.01 level of signicance. Note: Answers will vary
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