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oint ose the 95% confidence interval estimate for the rence in mean debt for a business major pared to an economics major ranges from 000

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oint ose the 95% confidence interval estimate for the rence in mean debt for a business major pared to an economics major ranges from 000 to $34,000. Which of the following is true? We are 95% confident that mean debt for business majors is $11,000 higher than mean debt for economics majors. We would rule out that mean debt for business majors is equal to mean debt for economics majors at the 95% confidence level. We are 95% confident that mean debt for business majors is anywhere between $23,000 up to $34,000 greater than mean debt for economics majors. We are 95% confident that mean debt for business majors is $23,000 and mean debt for economics majors is $34,000 1 point Suppose the 95% confidence interval estimate for mean earnings of graduates from public four-year universities is [$40,524,$50,246]. Similarly, the 95% confidence interval estimate for mean earnings of graduates from a for-profit universities is [ $24,524, $45,246]. What would you conclude? mean earnings are lower for graduates from for profit universities compared to public universities. mean earnings could be higher or lower for graduates from for profit universities compared to public universities. mean earnings are higher for graduates from public four-year universities compared to forprofit mean earnings

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