6) It has been reported that average student loan debt is $ 39,000 with a population standard deviation of $7000. A researcher believes that is not $39,000. Test the researcher's claim at a 5% signficance level. From a random sample of 100 students: x = $40,000 Determine: H 0 test statistic: Z= Critical value: Ze= Decision: Reject H OR 0 Do not reject Ho Conclusion:
6) It has been reported that average student loan debt is $ 39,000 with a population standard deviation of $7000. A researcher believes that is not $39,000. Test the researcher's claim at a 5% signficance level. From a random sample of 100 students: x = $40,000 Determine: H 0 test statistic: Z= Critical value: Ze= Decision: Reject H OR 0 Do not reject Ho Conclusion:
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 8SGR
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Transcribed Image Text:6) It has been reported that average student loan debt is $ 39,000 with a population standard deviation of $7000.
A researcher believes that is not $39,000. Test the researcher's claim at a 5% signficance level.
From a random sample of 100 students:
x = $40,000
Determine:
H
0
test statistic:
Z=
Critical value:
Ze=
Decision:
Reject H
OR
0
Do not reject Ho
Conclusion:
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