It has been reported that the average debt for college seniors is $4262. The student senate at a large university feels that their seniors have a debt much less than this, so it conducts a study of 100 randomly selected seniors and finds that the average debt is $3995, and the population standard deviation is $1100. Conduct the test based on a Type I error of a = 0.05 to test the claim.
It has been reported that the average debt for college seniors is $4262. The student senate at a large university feels that their seniors have a debt much less than this, so it conducts a study of 100 randomly selected seniors and finds that the average debt is $3995, and the population standard deviation is $1100. Conduct the test based on a Type I error of a = 0.05 to test the claim.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 3GP
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![It has been reported that the average debt for college seniors is $4262. The student senate at a large university feels that their seniors
have a debt much less than this, so it conducts a study of 100 randomly selected seniors and finds that the average debt is $3995, and the
population standard deviation is $1100. Conduct the test based on a Type I error of a = 0.05 to test the claim.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F71fa5dd0-ab40-43bd-96e3-61ad05e43984%2F6bd42a28-0bee-4869-9f91-29957ae1e756%2Fg0cac5_processed.png&w=3840&q=75)
Transcribed Image Text:It has been reported that the average debt for college seniors is $4262. The student senate at a large university feels that their seniors
have a debt much less than this, so it conducts a study of 100 randomly selected seniors and finds that the average debt is $3995, and the
population standard deviation is $1100. Conduct the test based on a Type I error of a = 0.05 to test the claim.
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