Students Who Graduated from College Last Year Owed an Average

question 83

Multiple Choice

Students who graduated from college last year owed an average of $25,250 in student loans. An economist wants to determine if average debt has changed. She takes a sample of 40 recent graduates and finds that their average debt is $27,500 with a standard deviation of $9,120. Use 90% confidence interval. Which of the following conclusion is correct?

• A) The average debt decreased.
• B) The average debt increased.
• C) The average debt has not changed.
• D) There is not enough information.

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Definitions:

Sexual Harassment

Unwanted or inappropriate sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature.

Tort Case

A legal lawsuit involving a civil wrong that causes a claimant to suffer loss or harm, leading to legal liability for the person who commits the tortious act.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm to another party.

Malfeasance

Wrongdoing or misconduct, especially by a public official.