The Department of Education Would Like to Test the Hypothesis

question 23

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 α is set to 0.05.The p-value for this hypothesis test would be ______.

• A) 0.1310
• B) 0.0950
• C) 0.0475
• D) 0.0219

---

Definitions:

Earnings Per Share

A company's net profit divided by the number of its outstanding shares, indicating the profitability per share.

Merger Premium

The additional amount an acquirer pays over the current market price of a target company's shares during a merger or acquisition.

Market Price

The price at this moment for buying or selling an asset or service.