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. Null: The average student debt is $30,000. Alternative: The average debt is lower than $30,000. O Null: The average student debt is $30,000. Alternative: The average debt is higher than $30,000. Null: The average student debt is $30,00O. Alternative: The average debt is not $30,000.

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Question 12: 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.
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.
Null: The average student debt is $30,000.
Alternative: The average debt is lower than $30,000.
Null: The average student debt is $30,000.
Alternative: The average debt is higher than $30,000.
Null: The average student debt is $30,00O.
Alternative: The average debt is not $30,000.
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. Null: The average student debt is $30,000. Alternative: The average debt is lower than $30,000. Null: The average student debt is $30,000. Alternative: The average debt is higher than $30,000. Null: The average student debt is $30,00O. Alternative: The average debt is not $30,000.
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