The National Student Loan Survey collects data to examine questions related to the amount of money that borrowers owe. The survey selected a sample of 1280 borrowers who began repayment on their loans between 4 and 6 months prior to the survey. The mean debt for undergraduate study was $18,900 and the standard deviation was about $49,000.
Construct a 95% confidence interval for the true mean debt for the student borrowers.© BrainMass Inc. brainmass.com June 3, 2020, 11:57 pm ad1c9bdddf
The solution provides step-by-step calculations of Confidence Interval.