A study of 25 graduates of four-year colleges by the, Ask an Expert

Statistics

A study of 25 graduates of four-year colleges by the American Banker's Association revealed the mean amount owed by a student in student loans was $14,381. The standard deviation of the sample was $1892. Construct a 90 percent confidence interval for the population mean. Is it reasonable to conclude that the mean of the population is actually $15,000? Tell why or why not.

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9375618

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

The accompanying table presents the number of individuals

The accompanying table presents the number of individuals by smoking and disease status. What are the odds that a smoker will get Disease A? That a nonsmoker will get disease A? What is the odds ration? Disease A Smokin ...

You are lost on the mythy island in the summer when

You are lost on the Mythy Island in the summer, when tourists are two-thirds of the population. If you ask a tourist for direction the answer is correct with probability ¾; answers to repeated questions are independent e ...

There are 2 white balls and 8 red balls in an urn consider

There are 2 white balls and 8 red balls in an urn. Consider selecting one ball at a time from the urn. What is the probability that the first ball is red and the second ball is also red? Express the probability in fracti ...

Use the information below to answer the questions that

Use the information below to answer the questions that follow : While the Mars candy company no longer reports the percentages of each color M&M that are produced, they had previously reported the following: 13% brown 1 ...

The speed of cars on a stretch of road is normally

The speed of cars on a stretch of road is normally distributed with an average 42 miles per hour with a standard deviation of 5.9 miles per hour. What is the probability that a randomly selected car is violating the spee ...

1 dominos pizza is willing is willing to pay kes 250

1. Domino's pizza is willing is willing to pay Kes 250 in airtime to each person interviewed about his or likes and dislikes of types of pizza crust. Of the people interviewed, 220 liked a thin crust, 270 like a thick cr ...

What is the difference between a linear quadratic and cubic

What is the difference between a linear, quadratic, and cubic regression analysis? Please provide a reference.

Prior data indicates if a planter machine is operating

Prior data indicates if a planter machine is operating "properly," the length of the planter produced by the machine can be modeled as being normally distributed with a mean of 107 centimeters and a standard deviation of ...

How would i calculate this santa fe black-on-white is a

How would I calculate this: Santa Fe black-on-white is a type of pottery commonly found at archaeological excavations at a certain monument. At one excavation site a sample of 588 potsherds was found, of which 350 were i ...

Using excel a manufacturer of celsius thermometers claims

Using Excel, A manufacturer of Celsius thermometers claims the thermometers they produce have an average (mean) reading of 0 degrees Celsius and a standard deviation of 1 degree Celsius for freezing water . If one of the ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert