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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 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 averag debt is more than $30,000 for any student that would attend the university and complete a bachelor's.

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 averag debt is more than $30,000 for any student that would attend the university and complete a bachelor's.

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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Give p-value, test statistic, and conclusion please
Give the rejection region. z greater than 1.64 t greater than 1.64 z greater than 1.96 z greater than 7.86
Transcribed Image Text:Give the rejection region. z greater than 1.64 t greater than 1.64 z greater than 1.96 z greater than 7.86
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.
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