Question 5. m a recent BMO survey, many Canadian university students said they expected to owe...
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Question 5. m a recent BMO survey, many Canadian university students said they expected to owe $26, 500 after graduation. A group of n = 64 university students are randomly selected, and the average student loan debt is found to be $26, 000 with a standard deviation of 500. (a) (5 pts) Construct a 98% confidence interval for the true average student loan debt for university students in Canada. (b) (3 pts) Does this contradict the reported average of $26, 500? Explain. Question 5. m a recent BMO survey, many Canadian university students said they expected to owe $26, 500 after graduation. A group of n = 64 university students are randomly selected, and the average student loan debt is found to be $26, 000 with a standard deviation of 500. (a) (5 pts) Construct a 98% confidence interval for the true average student loan debt for university students in Canada. (b) (3 pts) Does this contradict the reported average of $26, 500? Explain.
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a The main is to compute the 98 confidence interval for the true average student loan debt for unive... View the full answer
Related Book For
Essentials of Business Statistics
ISBN: 978-0078020537
5th edition
Authors: Bruce Bowerman, Richard Connell, Emily Murphree, Burdeane Or
Posted Date:
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