Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

1st Edition

978-1464146978, 1464146977

Students also viewed these Mathematics questions

Question

Describe ERP and how it can create efficiency within a business

Answered: 1 week ago