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How could the average debt owed by college graduates after they graduate be written using a margin of error?

a) $29,000 with a margin of error of +$10,000
b) $29,000 with a margin of error of +$5,000
c) $24,000 with a margin of error of +$10,000
d) $34,000 with a margin of error of + $5,000

User DoronK
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1 Answer

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Final answer:

The average debt of college graduates is represented as b. $29,000 with a margin of error of +$5,000, indicating that actual debts could be up to $5,000 more than the average.

Step-by-step explanation:

The average debt owed by college graduates can be written using a margin of error to account for variability or uncertainty in the data. Based on historical data and provided context, the correct representation is $29,000 with a margin of error of +$5,000. This statement indicates that while the average debt is estimated at $29,000, actual amounts could realistically vary by an additional $5,000 more. This reflects the information given, which states that as of 2013, the average amount of debt for students with loans was around $29,000.

The question is asking how the average debt owed by college graduates after they graduate can be written using a margin of error. The correct answer would be option b) $29,000 with a margin of error of +$5,000.

User Athar
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