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The director of the Financial Aid Office at a particular public school claims that the average amount of money that students receive per semester is
The director of the Financial Aid Office at a particular public school claims that the average amount of money that students receive per semester is $4250. A sample of 36 students' award letters has a mean of $4500 with a known population standard deviation of $430. Is there enough evidence to support the directors claim at = 0.05? (10 pts)
- Identify the null hypothesis and the alternative hypothesis and identify the claim.
- Find the critical value(s).
- Compute the test statistic and/or find the p-value.
- State the conclusion that addresses the original claim.
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