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A university is advertises that average student debt for any student completing a bachelor's at their campus is $30,000. Students feel that they are spending too much on fees and fee the average debt is much higher. A student statistician surveys

A university is advertises that average student debt for any student completing a bachelor's at their campus is $30,000. Students feel that they are spending too much on fees and fee the average debt is much higher. A student statistician surveys

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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Question 14: give the test statistic.
A university is advertises that average student debt for any student completing a bachelor's at their campus is $30,000. Students feel that they are spending too much on fees and feel the average debt is much higher. A student statistician surveys 200 students and the average debt of the students is $31,000 with a standard deviation of $1,800. At the 5% significance level, determine if the average debt is more than $30,000 for any student that would attend the university and complete a bachelor's. Give the hypotheses.
Transcribed Image Text:A university is advertises that average student debt for any student completing a bachelor's at their campus is $30,000. Students feel that they are spending too much on fees and feel the average debt is much higher. A student statistician surveys 200 students and the average debt of the students is $31,000 with a standard deviation of $1,800. At the 5% significance level, determine if the average debt is more than $30,000 for any student that would attend the university and complete a bachelor's. Give the hypotheses.
Give the test statistic. z = 1.64 O z = 1.96 Ot= 7.86 z = 7.86
Transcribed Image Text:Give the test statistic. z = 1.64 O z = 1.96 Ot= 7.86 z = 7.86
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