Question: Suppose the Institute for College Access Success would like
Suppose the Institute for College Access & Success would like to determine if there is a difference in the median amount of student loan debt accrued by 2013 graduates in the states of California, Arizona, Pennsylvania, and Minnesota. A random sample of 2013 students from each state was selected and their debt amounts were as follows. These data can also be found in the Excel file student loans. xlsx.
Using α = 0.05, perform a hypothesis test to determine if the median debt accrued by 2013 graduates differs among the four states.
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