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Use the following to answer the questions below:According to a National Science Foundation study, ...

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Use the following to answer the questions below:According to a National Science Foundation study, ...

Use the following to answer the questions below:

According to a National Science Foundation study, individuals who graduated with a doctoral degree had an average of $14,115 graduate debt. Assume that the standard deviation of graduate debt is $26,400. If we take lots of samples of individuals who graduated with a doctoral degree, what would you expect the standard error of the distribution of sample mean graduate debt amounts to be in each case? In each case, use two decimal places when reporting your standard error.

n = 200 individuals

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Statistics: Unlocking the Power of Data

Edition: 3^rd

Authors: Lock, Morgon

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