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

• +5.14

• 5.14

• +1.529

• 5.14