. It has been reported that the average credit card debt forcollege seniors at the college book store at a college oruniverisity is 3262 dollars. The student senate at a largeuniversity feels that their seniors have a debt much less thanthis, so it conducts a study of 50 randomly selected seniors andfind that the average debt is 2995 dollars. The population standarddeviation (sigma) is 1100 dollars. With an alpha of 0.05, is thestudent senate correct?
a. Yes b. No
