How do private universities and public colleges compare with respect to debt at graduation
incurred by students? The accompanying data table contains the average debt at graduation
incurred by students for 100 private universities and 100 public colleges. Complete parts (a)
through (d) below.
Option Average Debt at Graduation ($)
Private 5479
Private 12837
Private 12699
Private 17978
Private 18381
Private 20412
Private 14878
Private 17798
Private 16471
Private 15632
Private 19967
Private 20470
Private 24533
Private 26034
Private 24089
Private 24018
Private 22938
Private 27649
Private 23251
Private 24491
Private 24080
Private 21327
Private 15674
Private 24907
Private 33138
Private 35757
Private 28419
Private 30023
Private 22848
Private 14238
Private 35862
Private 31300
Private 28698
Private 32101
Private 28358
Private 32501
Private 38437
Private 28976
Private 35439
Private 31161
Private 23776
Private 27839
Private 30539
Private 30960
Private 24624
Private 34912
Private 34573
Private 26817
Private 37847
Private 32477
Private 30181
Private 16759
Private 30983
Private 24631
Private 33586
Private 26926
Private 28932
Private 33899
Private 29832
Private 34951
Private 32054
Private 44706
Private 33007
Private 31594
Private 27047
Private 31081
Private 26822
Private 36858
Private 29814
Private 29445
Private 29282
Private 25964
Private 26278
Private 29247
Private 32918
Private 37577
Private 37668
Private 31380
Private 29130
Private 28670
Private 31756
Private 31698
Private 29522
Private 36575
Private 29356
Private 27817
Private 36795
Private 33519
Private 23861
Private 30421
Private 28267
Private 34725
Private 34206
Private 33619
Private 30564
Private 28889
Private 25849
Private 33646
Private 31363
Private 26733
Public 17809
Public 21810
Public 21686
Public 17508
Public 20997
Public 27421
Public 24309
Public 26058
Public 24695
Public 19543
Public 21249
Public 18709
Public 17252
Public 26052
Public 27314
Public 19649
Public 24821
Public 24735
Public 23178
Public 19523
Public 22920
Public 24151
Public 33028
Public 20091
Public 24941
Public 27059
Public 29134
Public 24574
Public 33906
Public 20058
Public 22271
Public 27703
Public 23630
Public 19909
Public 22873
Public 25141
Public 20025
Public 10555
Public 20399
Public 28166
Public 31842
Public 22961
Public 24112
Public 28174
Public 15185
Public 13998
Public 35582
Public 26230
Public 23961
Public 25530
Public 17332
Public 21857
Public 14693
Public 24925
Public 26806
Public 35974
Public 24213
Public 23648
Public 24769
Public 25601
Public 18736
Public 21605
Public 23276
Public 21508
Public 26628
Public 17385
Public 20924
Public 23060
Public 24809
Public 30684
Public 28071
Public 16314
Public 22064
Public 29982
Public 12533
Public 21879
Public 21469
Public 24274
Public 22308
Public 26510
Public 18146
Public 31217
Public 25415
Public 23521
Public 31681
Public 23920
Public 20620
Public 26895
Public 26970
Public 22957
Public 21301
Public 15687
Public 22982
Public 21445
Public 35177
Public 25299
Public 27925
Publ.
3. Private 36795
Private 33519
Private 23861
Private 30421
Private 28267
Private 34725
Private 34206
Private 33619
Private 30564
Private 28889
Private 25849
Private 33646
Private 31363
Private 26733
Public 17809
Public 21810
Public 21686
Public 17508
Public 20997
Public 27421
Public 24309
Public 26058
Public 24695
Public 19543
Public 21249
Public 18709
Public 17252
Public 26052
Public 27314
Public 19649
Public 24821
Public 24735
Public 23178
Public 19523
Public 22920
Public 24151
Public 33028
Public 20091
Public 24941
Public 27059
Public 29134
Public 24574
Public 33906
Public 20058
Public 22271
Public 27703
4. Public 23630
Public 19909
Public 22873
Public 25141
Public 20025
Public 10555
Public 20399
Public 28166
Public 31842
Public 22961
Public 24112
Public 28174
Public 15185
Public 13998
Public 35582
Public 26230
Public 23961
Public 25530
Public 17332
Public 21857
Public 14693
Public 24925
Public 26806
Public 35974
Public 24213
Public 23648
Public 24769
Public 25601
Public 18736
Public 21605
Public 23276
Public 21508
Public 26628
Public 17385
Public 20924
Public 23060
Public 24809
Public 30684
Public 28071
Public 16314
Public 22064
Public 29982
Public 12533
Public 21879
Public 21469
Public 24274
5. Public 22308
Public 26510
Public 18146
Public 31217
Public 25415
Public 23521
Public 31681
Public 23920
Public 20620
Public 26895
Public 26970
Public 22957
Public 21301
Public 15687
Public 22982
Public 21445
Public 35177
Public 25299
Public 27925
Public 27750
Public 29887
Public 34796
. At the
0.01
level of significance, is there a difference in the variance of average graduation debt incurred by
students for private universities and public colleges?
Let
private university graduates
correspond to subscript
"pr"
and let
public college graduates
correspond to subscript
"pu."
6. Identify the null and alternative hypotheses. Choose the correct answer below.
A.
H0:
2pr2pu
H1:
2pr=2pu
B.
H0:
2pr>2pu
H1:
2pr2pu
C.
H0:
2pr=2pu
H1:
2pr2pu
D.
H0:
2pr2pu
H1:
2pr>2pu
Identify the test statistic for this test.
5.515.51
7. (Round to two decimal places as needed.)
Identify the p-value for this test.
0.0000.000
(Round to three decimal places as needed.)
Determine the conclusion for this test. Choose the correct answer below.
A.
Do not reject
H0.
There
is
sufficient evidence of a difference in the variance of average graduation debt incurred by
students for private universities and public colleges at the
=0.01
level of significance.
B.
Do not reject
H0.
There
is not
sufficient evidence of a difference in the variance of average graduation debt incurred by
students for private universities and public colleges at the
=0.01
level of significance.
C.
8. Reject
H0.
There
is
sufficient evidence of a difference in the variance of average graduation debt incurred by
students for private universities and public colleges at the
=0.01
level of significance.
D.
Reject
H0.
There
is not
sufficient evidence of a difference in the variance of average graduation debt incurred by
students for private universities and public colleges at the
=0.01
level of significance.
b. Using the results of (a), which t-test is appropriate for comparing mean debt at graduation
incurred by students at private universities and public colleges?
In this case, the samples are
independent
independent
dependent
and there
is
9. is
is not
sufficient evidence that the variances are different, so use a
separate dash variance t dash testseparate-variance t-test
paired t dash testpaired t-test
separate dash variance t dash testseparate-variance t-test
pooled dash variance t dash testpooled-variance t-test
to compare the means.
c. At the
0.01
level of significance, conduct the test selected in (b).
As in part (a), let
private university graduates
correspond to subscript
"pr"
and let
public college graduates
correspond to subscript
"pu."
Identify the null and alternative hypotheses. Choose the correct answer below.
A.
H0:
prpu0
11. Determine the conclusion for this test. Choose the correct answer below.
A.
Reject
H0
because the p-value is
less than
the level of significance.
B.
Do not reject
H0
because the p-value is
greater than or equal to
the level of significance.
C.
Do not reject
H0
because the p-value is
less than
the level of significance.
D.
Reject
H0
because the p-value is
12. greater than or equal to
the level of significance.
d. Write a short summary of your findings.
There
is not
is
sufficient evidence of a difference in the variance of average graduation debt incurred by
students for private universities and public colleges at the
enter your response here
level of significance. There
is
is not
sufficient evidence of a difference in the mean debt at graduation incurred by students at private
universities and public colleges at the
enter your response here
level of significance.
(Type integers or decimals. Do not round.)