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The average cost of tuition plus room and board at for a small private liberal...

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Accounting

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

Answer & Explanation Solved by verified expert
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