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The College Board wanted to test whether students graduating from private colleges and students graduating from...

The College Board wanted to test whether students graduating from private colleges and students graduating from public universities had different amounts of student loan debt. A sample of students from 146 private colleges across the country yielded an average loan debt of $29,972 with a standard deviation of $3,200. A sample of students from 225 public universities yielded an average loan debt of $28,762 with a standard deviation of $5,600. Conduct the test at the α=0.02α=0.02 level of significance.

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milcah answered 9 months ago
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