Question: vveek y Chapter 11: Hypothesis Testing Pt.2 Homework #8A In a recent study, researchers found that the national average for student loan debt among bachelor's

 vveek y Chapter 11: Hypothesis Testing Pt.2 Homework #8A In a

vveek y Chapter 11: Hypothesis Testing Pt.2 Homework #8A In a recent study, researchers found that the national average for student loan debt among bachelor's degree recipients was $54,000 with a standard deviation of $43,000 (a very positively skewed variable). You conduct the exit surveys for your department at Ball State, and you anticipate student loan debt at BSU to be far below the national average. You find in a sample of 150 students, the average debt was $25,667. Use the critical-value approach for a z-test (where a = .02) to determine if there is a significant difference in debt between the national average and BSU bachelor's students. 1. State the alternative hypothesis 2. List your Z test statistic 3. List your critical value(s) 4. Is the difference between the national average and BSU bachelor's students statistically significant? (Yes/No)

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