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Student Debt, Recent Graduates UNC System Schools   Name Institution Sector Average debt of graduates Appalachian State University  Public, 4-year or above $22,855 East Carolina University  Public, 4-year or above $28,918 North Carolina A & T State University  Public, 4-year or above $34,379 North Carolina State University Public, 4-year or above $24,053 University of North Carolina School of the Arts  Public, 4-year or above $28,551 University of North Carolina Wilmington  Public, 4-year or above $24,605 University of North Carolina at Asheville  Public, 4-year or above $23,824 University of North Carolina at Chapel Hill  Public, 4-year or above $22,214 University of North Carolina at Charlotte  Public, 4-year or above $27,453 University of North Carolina at Greensboro  Public, 4-year or above $26,841 University of North Carolina at Pembroke  Public, 4-year or above $25,831 Western Carolina University  Public, 4-year or above $15,669 1) what is the value of the test statistic t for this hypothesis test? 2) What is the P-value for this hypothesis test? 3) What is your conclusion?

Student Debt, Recent Graduates UNC System Schools   Name Institution Sector Average debt of graduates Appalachian State University  Public, 4-year or above $22,855 East Carolina University  Public, 4-year or above $28,918 North Carolina A & T State University  Public, 4-year or above $34,379 North Carolina State University Public, 4-year or above $24,053 University of North Carolina School of the Arts  Public, 4-year or above $28,551 University of North Carolina Wilmington  Public, 4-year or above $24,605 University of North Carolina at Asheville  Public, 4-year or above $23,824 University of North Carolina at Chapel Hill  Public, 4-year or above $22,214 University of North Carolina at Charlotte  Public, 4-year or above $27,453 University of North Carolina at Greensboro  Public, 4-year or above $26,841 University of North Carolina at Pembroke  Public, 4-year or above $25,831 Western Carolina University  Public, 4-year or above $15,669 1) what is the value of the test statistic t for this hypothesis test? 2) What is the P-value for this hypothesis test? 3) What is your conclusion?

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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Student Debt, Recent Graduates UNC System Schools  
Name Institution Sector Average debt of graduates
Appalachian State University  Public, 4-year or above $22,855
East Carolina University  Public, 4-year or above $28,918
North Carolina A & T State University  Public, 4-year or above $34,379
North Carolina State University Public, 4-year or above $24,053
University of North Carolina School of the Arts  Public, 4-year or above $28,551
University of North Carolina Wilmington  Public, 4-year or above $24,605
University of North Carolina at Asheville  Public, 4-year or above $23,824
University of North Carolina at Chapel Hill  Public, 4-year or above $22,214
University of North Carolina at Charlotte  Public, 4-year or above $27,453
University of North Carolina at Greensboro  Public, 4-year or above $26,841
University of North Carolina at Pembroke  Public, 4-year or above $25,831
Western Carolina University  Public, 4-year or above $15,669

1) what is the value of the test statistic t for this hypothesis test?

2) What is the P-value for this hypothesis test?

3) What is your conclusion?

DEBT College students are accumulating increasing amounts of debt while they pursue their degrees. This debt has a significant economic affect as the new graduates strive to begin their life after graduation. Nationally, the mean debt of recent graduates from all public 4-year institutions was $28020. How does the loan debt of recent graduates of North Carolina's public colleges and universities compare to student loan debt nationally? To answer this question, use the data in this Excel file Student Debt Recent UNC System Grads that shows the student debt of recent graduates from 12 UNC System schools to perform the hypothesis test: Ho: μ = 28020, H₂: μ< 28020 where is the mean student loan debt of all recent graduates from UNC System schools.
Transcribed Image Text:DEBT College students are accumulating increasing amounts of debt while they pursue their degrees. This debt has a significant economic affect as the new graduates strive to begin their life after graduation. Nationally, the mean debt of recent graduates from all public 4-year institutions was $28020. How does the loan debt of recent graduates of North Carolina's public colleges and universities compare to student loan debt nationally? To answer this question, use the data in this Excel file Student Debt Recent UNC System Grads that shows the student debt of recent graduates from 12 UNC System schools to perform the hypothesis test: Ho: μ = 28020, H₂: μ< 28020 where is the mean student loan debt of all recent graduates from UNC System schools.
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