Average Student Loan Debt Amount Loan Debt Higher at StatCrunchU Essay
Question Description
I’m working on a statistics writing question and need a sample draft to help me learn.
Prompt
Based on a recent study of college students, the average student loan debt amount is $4000. Is the mean student loan debt higher at StatCrunchU? Include each of the following in your response (see concepts in Unit 8 Modules 20-23).
- State your hypotheses in symbolic form and in words.
- Verify that normality conditions are met. Which test are you using? Why?
- Use StatCrunch to conduct the hypothesis test. Copy and paste the results (the StatCrunch output window) into your response.
- Give your P-value and interpret its meaning.
- Is the mean student loan debt higher at StatCrunchU? State a conclusion that answers the research question. Use a significance level of 5%.
I will attach the graph required for #3 BELOW
NO OUTSIDE SOURCES PLEASEEEE (the teacher is really picky, no course hero)
answer as an essay format and include a conclusion
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