Explain is student senate correct with alpha value

Reference no: EM13151251

Seniors is $3262. The student senate at a large university feels that their seniors have a debt much less than this, so it conducts a study of 50 randomly selected seniors and finds the average debt is $2995, and the population standard deviation is $1100. With alpha = 0.05, is the student senate correct?

Reference no: EM13151251

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