The average cost of tuition, room and board at small private liberal arts colleges is reported to be $8,500 per term, but a financial administrator believes that the average cost is higher. A study conducted using 225 small liberal arts colleges showed that the average cost per term is $8,745 with a standard deviation of $1,500. Let = 0.05. Calculated z=2.45 Can you prove the claim?

Group of answer choices

No, Ho is Rejected

Yes, Ho is Accepted

No, Ho is Accepted

D. Yes, Ho is Rejected