Estimate of the population mean amount owed, Basic Statistics

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Estimate of the population mean amount owed

A study of 24 graduates of four-year colleges revealed the mean amount owed by a student in student loans was $14,381. The standard deviation of the sample was $1,892. Construct and explain a 90% confidence interval estimate of the population mean amount owed in student loans

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Basic Statistics: Estimate of the population mean amount owed

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