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A study of 25 recent undergraduates found that the average amount owed in student loans was...

  1. A study of 25 recent undergraduates found that the average amount owed in student loans was $55,051, with a standard deviation of $7,568.
    1. Construct a 90% confidence interval for the population mean.
    2. Is it reasonable to conclude that the students actually owe $60,000 on average in student loans? Why or why not?

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