all Verizon 12:48 PM * 72% O none of the above 0.09.69 points ! Prevous Answers

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all Verizon 12:48 PM * 72% O none of the above 0.09.69 points ! Prevous Answers MintroStat9 8.E 525 My Notes Ask Your 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 the sample size is 1290 for all these questions. Compute a 95% confidence interval for each of the questions, and write a short report about what student loan borrowers think about their debt. (Round your answers to three decimal places) (a)"To what extent do you feel burdened by your student loan payrnents?" 57.2% said they fet burdened. (b) "If you could begin again, taking into account your current experience, what would you borrow?" 54.2% 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." 32.6% disagreed. (d)-Making loan payments is unpleasant but I know that the benefits of education loans are worth it." 58% agreed. (e)"I am satisfied that the education I invested in with my student loan(s) was worth the investment for career opportunities." 57.7% agreed. (f) "I am satisfied that the education I invested in with my student loan(s) was worth the investment for personal growth." 70.3% agreed. Conclusion O While many feel that loans are a burden and wish they had borrowed less, a minority are satisfied with their O While many feel that loans are a burden and wish they had borrowed less, a majority are satisfied with their O While a minority feel that loans are a burden and wish they had borrowed more, a minority are satisfied with their education. O While a minority feel that loans are a burden and wish they had borrowed more, a majority are satisfied with their education. My Notes Ask Your A matched pairs experiment compares the taste of instant with fresh-brewed coffee. Each subject tastes two unmarked cups of coffee, one of each type, in random order and states which he or she prefers. Of the 70 subjects who participate in the study, 28 prefer the instant coffee. Let p be the probability that a randomly chosen subject prefers fresh-brewed coffee to instant coffee. (In

Explanation / Answer

a)

54.5% to 59.9%

b)

51.48% to 56.92%

c)

30.04% to 35.16%

d)

55.31% to 60.69%

PS: We are directed to solve only first 4 parts of a question if multi part question is posted

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