The same study found that the national average for student loan debt among graduate degree recipients was $93,000 with a standard deviation of $63,000. In this case, you know less about the graduate programs, and do not have any expectations for BSU debt being higher or lower than the national average. You find in a sample of 81 students, the average debt was $78,000. Use the p-value approach for a z-test (where = .07) to determine if there is a significant difference in debt between the national average and BSU graduate students.

State the alternative hypothesis

List your test statistic for the Z-test

List thep-value for the Z-test (be sure todoublepvalues for nondirectional tests)

Is the difference between the national average and Ball State graduate degree holders statistically significant?