In: Statistics and Probability
A recent study of debt among college graduates reported that the average debt accumulated by graduates of private colleges was $37,400, with a sample standard deviation of $2,068, while the average debt accumulated by graduates of public colleges was $11,800, with a sample standard deviation of $2,101. The sample sizes were 70 and 180, respectively. Complete parts a and b below.
A. what is the test statistic? Use a significance level of 0.10
B. what is the p value