"Complete the following three questions for section 4 of Business Statistics" (attached below)

The average cost of tuition plus room and board for a small private liberal arts college is reported to be $9,250 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 $9,570. The population standard deviation is $1,200. Let a = 0.05. What is the p-value for this test? Multiple Choice O 0.0000 O 0.0500 O 1.2930 O 0.6107\fSales at a fast-food restaurant average $6,900 per day. The restaurant decided to introduce an advertising campaign to increase daily sales. To determine the effectiveness of the advertising campaign, a sample of 64 days of sales were taken. They found that the average daily sales were $7,000 per day. From past history, the restaurant knew that its population standard deviation is about $1,000. The value of the test statistic is Multiple Choice O 6.90 O 80 O 2.11 O 7.00