The average student loan debt is reported to be $25,235. A student belives 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 to be $27,524 and the standard devition to be $6000. Is there sufficient evidence to support the student' claim at a 5% significance level? a) Determine the null and alternative hypotheses. Ho: = μ Ha: Select an answer b) Determine the test statistic. Round to two decimals. t c) Find the p-value. Round to 4 decimals. P-value= d) Make a decision. O Reject the null hypothesis OFail to reject the null hypothesis (Put in the correct symbol and value) e) Write the conclusion. O There is sufficient evidence to support the claim that student loan debt is higher than $25,235. O There is not sufficient evidence to support the claim that student loan debt is higher than $25,235.

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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The average student loan debt is reported to be $25,235. A student belives 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 to be $27,524 and the standard devition to be $6000. Is there sufficient evidence to support the
student' claim at a 5% significance level?
a) Determine the null and alternative hypotheses.
Hai g
Ha: Select an answer
b) Determine the test statistic. Round to two decimals.
t=
c) Find the p-value. Round to 4 decimals.
P-value=
d) Make a decision.
Reject the null hypothesis
O Fail to reject the null hypothesis
15
e) Write the conclusion.
O There is sufficient evidence to support the claim that student loan debt is higher than $25,235.
O There is not sufficient evidence to support the claim that student loan debt is higher than $25,235.
Type here to search
EX
#E
(Put in the correct symbol and value)
II
(
Transcribed Image Text:The average student loan debt is reported to be $25,235. A student belives 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 to be $27,524 and the standard devition to be $6000. Is there sufficient evidence to support the student' claim at a 5% significance level? a) Determine the null and alternative hypotheses. Hai g Ha: Select an answer b) Determine the test statistic. Round to two decimals. t= c) Find the p-value. Round to 4 decimals. P-value= d) Make a decision. Reject the null hypothesis O Fail to reject the null hypothesis 15 e) Write the conclusion. O There is sufficient evidence to support the claim that student loan debt is higher than $25,235. O There is not sufficient evidence to support the claim that student loan debt is higher than $25,235. Type here to search EX #E (Put in the correct symbol and value) II (
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