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ats il notes Flashcardsx u.blackboard.com/webapps/assessment/take/launchjsp?course assessment id _192867 1&course; id 106219 1&cont; a 0.0219 b 0.0950 0.1310 od 0.0475 QUESTION 16 The Department of Education would like to test the hypothesis that the average debt load of graduating students with a Bachelor's degree is greater than $17,000. A random sample of 34 students had an average debt load of S18,200. It is belieyed that the population standard deviation for student debt load is S4 200. The Department ofEducation would like to set -0.05. The p-value for this hypotbesis test would be 00,0219 b 0.0475 0.1310 o d 0.0950 Click Save and Submit to sove and submit. Click Save All Ansuvers to save all ansuers Save Al Answers e to search F9 F10 F11 F12 F7 F8 FS 8

Explanation / Answer

Below are the null and alternate hypothesis
H0: mu = 17000
H1: mu > 17000

Test statistics,
z = (18200 - 17000)/(4200/sqrt(34))
z = 1.666

using the standard z-table, we find the P(z > 1.67)

p-value = 0.0475

hence option B is correct

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