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?

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 58E: What is meant by the sample space of an experiment?
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Test the claim:
a. Determine the null and alternative hypotheses. Enter correct symbol and value.
Но: и
Ha: H?
b. Determine the test statistic. Round to two decimals.
t =
c. Find the p-value. Round to 4 decimals.
p-value =
Transcribed Image Text:Test the claim: a. Determine the null and alternative hypotheses. Enter correct symbol and value. Но: и Ha: H? b. Determine the test statistic. Round to two decimals. t = c. Find the p-value. Round to 4 decimals. p-value =
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?
Transcribed Image Text: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?
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