Thank you d. Make a decision.O Fail to reject the null hypothesis.O Reject the null hypothesis.e. Write the conclusion.O There is sufficient evidence to support the claim that student-loan debt is higher than$25,235 in her area.O There is not sufficient evidence to support the claim that student-loan debt is higher than$25,235 in her area.Question Help: Message instructorSubmit Question 15697/assiQ SearchThe average student-loan debt is reported to be $25,235. A student believes that the student-loan debt ishigher in her area. She takes a random sample of 100 college students in her area and determines themean student-loan debt is $27,524 and the standard deviation is $6,000. Is there sufficient evidence tosupport the student's daim at a 5% significance level?Preliminary:a. Is it safe to assume that n<5% of all college students in the local area?O NoO Yesb. Is n > 30 ?OYesONoБеTest the claim:a. Determine the null and alternative hypotheses. Enter correct symbol and value.Ho: µ =Ha: µ? vb. Determine the test statistic. Round to two decimals.c. Find the p-value. Round to 4 decimals.P-value =d. Make a decision.O Fail to reject the null hypothesis.O Reject the null hypothesis.to search

Name: Thank you d. Make a decision.O Fail to reject the null hypothesis.O Re
Uploaded: 2024-03-20T07:06:41.000Z
Channel: Bartleby
Description: Thank you d. Make a decision.O Fail to reject the null hypothesis.O Reject the null hypothesis.e. Write the conclusion.O There is sufficient evidence to support the claim that student-loan debt is higher than$25,235 in her area.O There is not suffici