Suppose the U.S. Department of Education would like to determine if the median annual tuition for a
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Suppose the U.S. Department of Education would like to determine if the median annual tuition for a four-year public college equaled $8,000 in 2014. A random sample of these colleges was selected and their annual tuitions were as follows.
These data can also be found in the Excel file DoE.xlsx.
$7,600 $8,800 $10,500 $6,900 $10,800 $11,500
$13,800 $9,900 $11,700 $12,400 $8,000 $5,100 Using a = 0.05, perform a hypothesis test to determine if the annual median tuition for a four-year public college equals $8,000 in 2014.
AppendixLO1
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