Average Debt of College Graduates Kiplinger’s listed the top public colleges based on many factors. From that list, here is the average debt at graduation for various schools in four selected states. At α=0.01, can it be concluded that the average debt at graduation differs for these four states? New York Virginia California Pennsylvania 20,000 17,395 14,323 26,800 52,591 16,000 17,107 25,179 24,415 18,547 15,155 19,645 19,900 19,016 15,918 20,931 18,189 12,859 16,317 20,148 H0: u1=u2=u3=u4 --------- claim or not? H1: At least one mean is different from the others--------claim or not? Find the critical value Compute the test value: F = Reject or do not reject the null hypothesis Summarize: Is there or is there not enough evidence to support claim? Is there or is there not enough evidence to reject the claim?

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Average Debt of College Graduates Kiplinger’s listed the top public colleges based on many factors. From that list, here is the average debt at graduation for various schools in four selected states. At α=0.01, can it be concluded that the average debt at graduation differs for these four states?

New York Virginia California Pennsylvania
20,000
17,395
14,323
26,800
52,591
16,000
17,107
25,179
24,415
18,547
15,155
19,645
19,900
19,016
15,918
20,931
18,189
12,859
16,317
20,148
  1. H0: u1=u2=u3=u4 --------- claim or not?
    H1: At least one mean is different from the others--------claim or not?
  2. Find the critical value
  3. Compute the test value: F =
  4. Reject or do not reject the null hypothesis
  5. Summarize:
    Is there or is there not enough evidence to support claim?
    Is there or is there not enough evidence to reject the claim?
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