Question

For graduates of Pace University with debt, the average amount of debt is $32,980. Considering all graduates from Pace University, what is the average debt per graduate?

a) $32,980
b) $40,000
c) $36,980
d) $54678

Answer 1

The average debt per graduate from Pace University for those with debt is $32,980. Without information on the proportion of graduates without debt, the average debt per graduate cannot be accurately determined and remains at $32,980 for those with debt. Hence, the answer is (a) $32,980.

Step-by-step explanation:

When considering the average amount of debt per graduate from Pace University, one must distinguish between the average debt of graduates with debt, and the average debt across all graduates, including those who either do not have debt or for whom the data might be unavailable.

If the statement indicates that the average debt for graduates of Pace University with debt is $32,980, without additional data indicating the proportion of graduates with debt, we cannot accurately determine the average debt per graduate including those without debt. Thus, with the given information, the average debt per graduate from Pace University can only be assumed to stay at $32,980, as we lack data on the graduates without debt. Therefore, the answer would be (a) $32,980.