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8. Your job plans to expand its benefits package to include some amount of student loan forgiveness. Your survey also asked if the employees had student loans and how much they currently owed. Your survey found that out of the 100 people surveyed, the mean amount of student loan debt was $37,425, with a standard deviation of $16,824. Estimate the mean student loan debt for all employees in your company with 95% confidence using your sample data. Use the t-distribution here.

8. Your job plans to expand its benefits package to include some amount of student loan forgiveness. Your survey also asked if the employees had student loans and how much they currently owed. Your survey found that out of the 100 people surveyed, the mean amount of student loan debt was $37,425, with a standard deviation of $16,824. Estimate the mean student loan debt for all employees in your company with 95% confidence using your sample data. Use the t-distribution here.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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8. Your job plans to expand its benefits package to include some amount of student loan forgiveness. Your survey also asked if the employees had student loans and how much they currently owed. Your survey found that out of the 100 people surveyed, the mean amount of student loan debt was $37,425, with a standard deviation of $16,824. Estimate the mean student loan debt for all employees in your company with 95% confidence using your sample data. Use the t-distribution here.
Transcribed Image Text:8. Your job plans to expand its benefits package to include some amount of student loan forgiveness. Your survey also asked if the employees had student loans and how much they currently owed. Your survey found that out of the 100 people surveyed, the mean amount of student loan debt was $37,425, with a standard deviation of $16,824. Estimate the mean student loan debt for all employees in your company with 95% confidence using your sample data. Use the t-distribution here.
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