d. Make a decision. O Fail to reject the null hypothesis. O Reject the null hypothesis. e. Write the conclusion. O There is sufficient evidence to support the claim that student-loan debt is higher...

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Extracted text: d. Make a decision. O Fail to reject the null hypothesis. O Reject the null hypothesis. e. Write the conclusion. O There is sufficient evidence to support the claim that student-loan debt is higher than $25,235 in her area. O There is not sufficient evidence to support the claim that student-loan debt is higher than $25,235 in her area. Question Help: Message instructor Submit Question


Extracted text: 15697/assi Q Search 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 daim at a 5% significance level? Preliminary: a. Is it safe to assume that n<5% of="" all="" college="" students="" in="" the="" local="" area?="" o="" no="" o="" yes="" b.="" is="" n=""> 30 ? OYes ONo Бе Test the claim: a. Determine the null and alternative hypotheses. Enter correct symbol and value. Ho: µ = Ha: µ? v b. Determine the test statistic. Round to two decimals. c. Find the p-value. Round to 4 decimals. P-value = d. Make a decision. O Fail to reject the null hypothesis. O Reject the null hypothesis. to search