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Test the claim: a. Determine the null and alternative hypotheses. Enter correct symbol and value. Ho: μ = Ha: μ > v b. Determine the test statistic. Round to two decimals. t = c. Find the p-value. Round to 4 decimals. p-value =

Test the claim: a. Determine the null and alternative hypotheses. Enter correct symbol and value. Ho: μ = Ha: μ > v b. Determine the test statistic. Round to two decimals. t = c. Find the p-value. Round to 4 decimals. p-value =

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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The average student-loan debt is reported to be $25,235. A student believes that the student-loan debt is higher in her area. She takes a random sample of 100 college students in her area and determines the mean student-loan debt is $27,524 and the standard deviation is $6,000. Is there sufficient evidence to support the student's claim at a 5% significance level? Preliminary: a. Is it safe to assume that n ≤ 5% of all college students in the local area? Yes No b. Is n > 30 ? Yes No Test the claim: a. Determine the null and alternative hypotheses. Enter correct symbol and value. Ho: μ Ha:: = b. Determine the test statistic. Round to two decimals. t = c. Find the p-value. Round to 4 decimals. p-value =
Transcribed Image Text:The average student-loan debt is reported to be $25,235. A student believes that the student-loan debt is higher in her area. She takes a random sample of 100 college students in her area and determines the mean student-loan debt is $27,524 and the standard deviation is $6,000. Is there sufficient evidence to support the student's claim at a 5% significance level? Preliminary: a. Is it safe to assume that n ≤ 5% of all college students in the local area? Yes No b. Is n > 30 ? Yes No Test the claim: a. Determine the null and alternative hypotheses. Enter correct symbol and value. Ho: μ Ha:: = b. Determine the test statistic. Round to two decimals. t = c. Find the p-value. Round to 4 decimals. p-value =
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