The National Student Loan Survey asked the student loan borrowers in their sampl

Question

The National Student Loan Survey asked the student loan borrowers in their sample about attitudes toward debt. Below are some of the questions they asked, with the percent who responded in a particular way. Assume that he sample size is 29 for all these questions Compute a 95% confidence interva for each o the questio and nte a short re on about what st ent oan borrowers think about their debt. (Round your answers to three decimal places.) (a)"To what extent do you feel burdened by your student loan payments?" 55.4% said they felt burdened (b)"If you could begin again, taking into account your current experience, what would you borrow?" 53.8% said they would borrow less. (c) "Since leaving school, my education loans have not caused me more financial hardship than I had anticipated at the time I took out the loans." 33.8% disagreed (d) "Making loan payments is unpleasant but I know that the benefits o, education loans are worth it." 58.1% agreed. (e) "I am satisfied that the education I invested in with my student loan(s) was worth the investment for career opportunities." 58.5% agreed (f) "I am satisfied that the education I invested in with my student loan(s) was worth the investment for personal growth," 70.5% agreed

Explanation / Answer

a)

b)

c)

d)

e)

f)

( please revert for any clarification)

sample size n                    = 1291 sample proportion     p x/n= 0.5540 std error       =Se            =(p*(1-p)/n) = 0.0138 for 95 % CI value of z= 1.9600 margin of error E=z*std error                            = 0.027 lower confidence bound=sample proportion-margin of error 0.527 Upper confidence bound=sample proportion+margin of error 0.581

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