Question 22 4 The average cost of tuition, room and board at small private liberal arts colleges is reported to be AT LEAST $8,500 per ter but a financial administrator does not believe that. A study conducted using 350 small liberal arts colleges showed that the average cost per term is $8,745 with a standard deviation of $1,200. Let p = 0.05. Choose the most adequate null and alternative hypotheses for this study. Null: $8,500 Null: u = $8,500; alternative: * $8,500 Null: >= $8,500; alternative: < $8,500 O Null: >= $9,000; alternative: p < $9,000 O Null: $9,000