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(Solved): A study reports that recent college graduates from Connecticut face the highest average debt of \( ...



A study reports that recent college graduates from Connecticut face the highest average debt of \( \$ 31,424 \) (forbes.com,

A study reports that recent college graduates from Connecticut face the highest average debt of \( \$ 31,424 \) (forbes.com, September 18, 2019). A researcher from Pennsylvania wants to determine how recent undergraduates from that state fare. He collects data on debt from 40 recent undergraduates. Assume that the population standard deviation is \( \$ 5,000 \). (You may find it useful to reference the z table.) a. Construct the \( 95 \% \) confidence interval for the mean debt of all undergraduates from Pennsylvania. (Do not round intermediate calculations. Round " \( z^{\prime \prime} \) value to 3 decimal places and final answers to 2 decimal places.) Answer is complete but not entirely correct. b. Use the \( 95 \% \) confidence interval to determine if the debt of Pennsylvania undergraduates differs from that of Connecticut undergraduates. The debt of Connecticut undergraduates differs from that of New Hampshire undergraduates.


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According to the given data in the question, Data: 24044, 19150, 26759, 31920, 3
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