A study of 25 graduates of four-year public colleges revealed the mean amount owed by a student in student loans was $55,051. The standard deviation of the sample was $7,568. Is it reasonable to conclude that the mean of the population is actually $55,000? $55,000 is _________ because it is ____________ of the confidence interval

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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A study of 25 graduates of four-year public colleges revealed the mean amount owed by a student in student loans was $55,051. The standard deviation of the sample was $7,568.

Is it reasonable to conclude that the mean of the population is actually $55,000?

$55,000 is _________ because it is ____________ of the confidence interval

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