Question

college and university debt a student graduated from a 4 - year college with an outstanding loan of $10,353, where the average debt is $8525 with a standard deviation of $1877. another student graduated from a university with an outstanding loan of $12,186, where the average of the outstanding loans was $10,323 with a standard deviation of $2156. part 1 of 2 find the corresponding z - score for each student. round z scores to two decimal places. college student: z = 0.97 university student: z = 0.86 part 1 / 2 part 2 of 2 which student had a higher debt in relationship to his or her peers? the select has a higher debt than the select

Explanation:

Step1: Understand z - score concept

The z - score measures how many standard deviations an element is from the mean. A higher z - score indicates that the value is further above the mean relative to its distribution.

Step2: Compare z - scores

The college student has a z - score of 0.97 and the university student has a z - score of 0.86. Since 0.97>0.86.

Answer:

The college student has a higher debt than the university student in relation to their peers.