Question
The average cost of tuition plus room and board at for a small private liberal arts college is reported to be $9,350 per term, but
The average cost of tuition plus room and board at for a small private liberal arts college is reported to be $9,350 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 $9,680. The population standard deviation is $1,200. Let = 0.05. What is the test statistic for this test?
Multiple Choice
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+5.14
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5.14
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+1.529
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5.14
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Lorena Mitrione, Michaela Rankin, Keryn Chalmers, Paul D. Kimmel
3rd Edition
0730302296, 978-0730302292
