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The Department of Education would like to test the hypothesis that the average debt load of graduating students with a bachelor's degree is equal to
The Department of Education would like to test the hypothesis that the average debt load of graduating students with a bachelor's degree is equal to $17,200. A random sample of 26 students had an average debt load of $18,400. It is believed that the population standard deviation for student debt load is $4,500. The is set to 0.05. The confidence interval for this hypothesis test would be __________.
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- [$14,721.14, $19,678.86]
- [$14,000.94, $20,399.16]
- [$16,670.26, $20,129.74]
- [$16,161.74, $18,238.26]
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