Mathematics, 06.06.2020 22:02, reneebrown017

The average cost of tuition, room and board at small private liberal arts colleges is reported to be $8,500 per term, but a financial administrator believes that the average cost is higher. A study conducted using 350 small liberal arts colleges showed that the average cost per term is $8,745. The population standard deviation is $1,200. Let ? = 0.05 What is the test statistic for this test?

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The average cost of tuition, room and board at small private liberal arts colleges is reported to be...