Statistics
A randomly selected sample of 40 graduates from Ohio colleges with a bachelor’s degree is shown below. The data lists the amount of student loan debt owed.
29425 26742 22609 25344 21382 25064 29750 24947
26518 24554 26091 28984 29222 29732 25521 25939
26025 27457 26391 26450 31579 26177 25844 26946
26278 20211 28318 18969 27822 25218 29353 26430
25333 25000 25689 26989 25999 26999 26444 25001
8. Use the above data to fill in the frequency distribution shown below:
Student Loan Debt in $ |
Frequency |
18000 – 19999 |
|
20000 – 21999 |
|
22000 – 23999 |
|
24000 – 25999 |
|
26000 – 27999 |
|
28000 – 29999 |
|
30000 – 31999 |
Solution:
Given that,
Class | Tally marks | Frequency |
18000 – 19999 | | | 1 |
20000 – 21999 | || | 2 |
22000 – 23999 | | | 1 |
24000 – 25999 | |||||,|||||,||| | 13 |
26000 – 27999 | |||||,|||||,||||| | 15 |
28000 – 29999 | |||||,|| | 7 |
30000 – 31999 | | | 1 |
Total | 40 |
Statistics A randomly selected sample of 40 graduates from Ohio colleges with a bachelor’s degree is...
Using Case-Study 9-1 that appears on Page 363 in Course Textbook(Image Shown Above), summarize in five steps the test of hypothesis being undertaken in Case Study 9-1 about the population mean μ. ? AVERAGE STUDENT LOAN DEBT FOR THE CLASS OF 2013 New Hampshire $32,795 Pennsylvania $32,528 10 00 Ohio $29,090 U.S. AVERAGE $28,400 100 to New York $26,381 BRE Tosition B01 Texas $25,244 California DO $20,340 DEBT New Mexico $18,656 Data source: The Project on Student Debt, The Institute...