The Department of Education Would Like to Test the Hypothesis $$\bar { x }$$

question 37

Multiple Choice

The Department of Education would like to test the hypothesis that the average debt load of graduating students with a Bachelor's degree is equal to $17,000. A random sample of 34 students had an average debt load of $18,200. It is believed that the population standard deviation for student debt load is $4,200. The Department of Education would like to set ? = 0.05. The correct hypothesis statement for this hypothesis test would be _____

• A)H₀: µ × $17,000; H₁: µ = $17,000.
• B)H₀: µ c $17,000; H₁: µ < $17,000.
• C)H₀: µ = $17,000; H₁: µ × $17,000.
• D)H₀: \[\bar { x }\] = $17,000; H₁: \[\bar { x }\]×$17,000.

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