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 f the average debt is much higher. A student statistician surve 200 students and the average debt of the students is $31,00 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.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Question 15: give the p-value.
Give the p-value.
0.05
1.64
7.86
0.000000000000002
Transcribed Image Text:Give the p-value. 0.05 1.64 7.86 0.000000000000002
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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