The Department of Education would like to test the hypothesis that the average debt load graduating students with a bachelor's degree is equal to $17,000. A random sample of 3 students had an average debt load of $18,200. It is believed that the population standar deviation for student debt load is $4,200. The a is set to 0.05. The confidence interval for th hypothesis test would be 8.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
100%
8.
The Department of Education would like to test the hypothesis tinau the average debt load of
graduating students with a bachelor's degree is equal to $17,000. A random sample of 34
students had an average debt load of $18,200. It is believed that the population standard
deviation for student debt load is $4,200. The a is set to 0.05. The confidence interval for this
hypothesis test would be
A. [$14,118.9, $19,881.2]
B. [$14,839.1, $19,160.9]
C. [$16,279,7, $17,720,3]
D. [$16,788.22, $19,611.78]
Transcribed Image Text:8. The Department of Education would like to test the hypothesis tinau the average debt load of graduating students with a bachelor's degree is equal to $17,000. A random sample of 34 students had an average debt load of $18,200. It is believed that the population standard deviation for student debt load is $4,200. The a is set to 0.05. The confidence interval for this hypothesis test would be A. [$14,118.9, $19,881.2] B. [$14,839.1, $19,160.9] C. [$16,279,7, $17,720,3] D. [$16,788.22, $19,611.78]
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman