A national poll by the Institute for College Access and Success showed that in 69% of college graduates from public and nonprofit colleges in 2013 had student loan debt. Dr. Blackman wanted to find out if her public nonprofit university had a lower proportion of students who graduated with student loan debt in 2013.For this survey, the null hypothesis was that the proportion of students with graduated with student loan debt equals 69% and the alternative hypothesis is that the proportion with student loan debt does not equal 69%. The significance level for this test was 0.05.The results of the hypothesis test of the new survey showed a p-value of 0.039.Which of the following statements is correct? Check all that apply. The results were statistically significant. The results were not statistically significant. The null hypothesis should be rejected. The null hypothesis should be accepted. The null hypothesis cannot be rejected.

Does going to a private university increase the chance that a student will graduate with student loan debt? A national poll by the Institute for College Access and Success showed that in 69% of college graduates from public and nonprofit colleges in 2013 had student loan debt.A researcher wanted to see if there was a significant increase in the proportion of student loan debt for public and nonprofit colleges in 2014. Suppose that the researcher surveyed 1500 graduates of public and nonprofit universities and found that 71% of graduates had student loan debt in 2014.Let p be the proportion of all graduates of public nonprofit universities that graduated with student loan debt. What are the appropriate null and alternative hypotheses for this research question?

A researcher conducted a survey of graduating college students. 350 college students were randomly selected to answer the survey. One of the survey questions asked, “How much do you owe in student loans?” The average student loan debt reported by respondents was $42,576 with a standard deviation of $2,801.$42,576 is the point estimate for which of the following? The mean salary of all college students who graduate college. The standard deviation of loan debt of all college students who graduate college. The proportion of all college students who graduate college in debt. The mean loan debt of all college students who graduate college.

The Department of Education would like to test the hypothesis that the average debt load of graduating students with a bachelor’s degree is equal to $15,800. A random sample of 35 students had an average debt load of $17,000. It is believed that the population standard deviation for student debt load is $4,320. The α is set to 0.05. The p-value for this hypothesis test would be __________.

A student loan is money a person borrows in order to:A.purchase a new house.B.buy luxury goods.C.pay off existing debt.D.pay for college tuition.

Suppose all 18-year-olds are identical in every way except that some have easy access to credit (i.e., they face a low interest rate when borrowing money) while others have a difficult time accessing credit (i.e., they face a high interest rate when borrowing money).Which of the following statements is NOT true?Group of answer choicesThose who have easy access to credit will be more likely to go to college than those who do not have easy access to credit.No one without easy access to credit will go to college.The present value calculation of university degree will be higher for those who have easy access to credit than for those who do not have easy access to credit.Some people who have easy access to credit will not go to college.Those who have easy access to credit have a lower rate of discount than those who do not have easy access to credit.