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Undergraduate School Expenses The average undergraduate cost for tuition, fees, room, and board for all institutions last year was $26,025. A random sample of 40
Undergraduate School ExpensesThe average undergraduate cost for tuition, fees, room, and board for all institutions last year was $26,025. A random sample of 40 institutions of higher learning this year indicated that the mean tuition, fees, room, and board for the sample was $27,690, and the population standard deviation is
$5492. At the 0.05 level of significance, is there sufficient evidence that the cost has increased?
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