3) In a study of student loan subsidies, I surveyed 100
students. In this sample, students...
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3) In a study of student loan subsidies, I surveyed 100students. In this sample, students will owe a mean of $25,000 atthe time of graduation with a standard deviation of $2,000.
(a) Develop a 96% confidence interval for the populationmean.
(b) Develop a 96% confidence interval for the populationstandard deviation.
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Here n 100Sample mean 25000Sample standard deviation s 2000Degree of freedom n1 99Level of significance 004a Since mean and standard deviation of the population both areunknown mean will follow t
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