Question: The average student loan debt is reported to be 25 235 A student believes that the student loan debt is higher in her area She

The average student loan debt is reported to be 25 235

The average student loan debt is reported to be 25 235 A student believes 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 student loan debt is 27 524 and the standard deviation is 6 000 Is there sufficient evidence to support the student s claim at a 5 significance level Preliminary a Is it safe to assume that n 5 of all college students in the local area Yes No b Is n 30 Yes O No Test the claim a Determine the null and alternative hypotheses Enter correct symbol and value Ho Ha 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 Fail to reject the null hypothesis

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