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
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