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In a particular year, the average student loan of students graduating from universities in the US was $38000 a. That year 1500 graduating students from
In a particular year, the average student loan of students graduating from universities in the US was $38000
a. That year 1500 graduating students from one state were selected at random and their student loans were recorded. The average student loan for these 1500 students was found to be $35000 with standard deviation of $5000. Does the evidence imply that average student loan in this state was less than the national average?
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