Question: Student Debt - Vermont (Raw Data, Software Required): The average student loan debt of a U.S. college student at the end of 4 years of


Student Debt - Vermont (Raw Data, Software Required): The average student loan debt of a U.S. college student at the end of 4 years of college is estimated to be about $22,700. You take a random sample of 40 college students in the state of Vermont. The debt for these students is found in the table below. We want to construct a 95% confidence interval for the mean debt for all Vermont college students. You will need software to answer these questions. You should be able to copy and paste the data directly from the table into your software program. $ (a) What is the point estimate for the mean debt of all Vermont college students? Round your answers to the nearest whole dollar. Student Debt 1 22448 2 26478 (b) Construct the 95% confidence interval for the mean debt of all Vermont college students. Round your answers to the nearest whole dollar. 3 24364
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