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8. Your job plans to expand its benefits package to include some amount of student loan forgiveness. Your survey also asked if the employees had student loans and how much they currently owed. Your survey found that out of the 100 people surveyed, the mean amount of student loan debt was $37,425, with a standard deviation of $16,824. Estimate the mean student loan debt for all employees in your company with 95% confidence using your sample data. Use the t-distribution here.

8. Your job plans to expand its benefits package to include some amount of student loan forgiveness. Your survey also asked if the employees had student loans and how much they currently owed. Your survey found that out of the 100 people surveyed, the mean amount of student loan debt was $37,425, with a standard deviation of $16,824. Estimate the mean student loan debt for all employees in your company with 95% confidence using your sample data. Use the t-distribution here.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 1GP
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8. Your job plans to expand its benefits package to include some amount of student loan forgiveness. Your survey also asked if the employees had student loans and how much they currently owed. Your survey found that out of the 100 people surveyed, the mean amount of student loan debt was $37,425, with a standard deviation of $16,824. Estimate the mean student loan debt for all employees in your company with 95% confidence using your sample data. Use the t-distribution here.
Transcribed Image Text:8. Your job plans to expand its benefits package to include some amount of student loan forgiveness. Your survey also asked if the employees had student loans and how much they currently owed. Your survey found that out of the 100 people surveyed, the mean amount of student loan debt was $37,425, with a standard deviation of $16,824. Estimate the mean student loan debt for all employees in your company with 95% confidence using your sample data. Use the t-distribution here.
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