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ra1l [238]
4 years ago
5

The average cost of tuition, room and board at small private liberal arts colleges is reported to be $8,500 per term, but a fina

ncial 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 $8,745. The population standard deviation is $1,200. Let ? = 0.05
What is the test statistic for this test?
Mathematics
1 answer:
Vlada [557]4 years ago
5 0

Answer:

The test statistic for this test is 3.82.

Step-by-step explanation:

The null hypothesis is:

H_{0} = 8500

The alternate hypotesis is:

H_{1} > 8500

Our test statistic is:

t = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}

In which X is the sample mean, \mu is the value tested at the null hypothesis, \sigma is the standard deviation of the population and n is the size of the sample.

In this question:

X = 8745, \mu = 8500, \sigma = 1200, n = 350

So

t = \frac{8745 - 8500}{\frac{1200}{\sqrt{350}}} = 3.82

The test statistic for this test is 3.82.

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