Answer:
H₀: µ ≤ $8,500; H₁: µ > $8,500
z= +1.645
Step-by-step explanation:
From the given problem As average cost of tuition and room and board at a small private liberal is less than the financial administrator As hypothesis is true.
As standard deviation is $ 1,200
α = 0.05
H₀: µ ≤ $8,500
if the null hypothesis is true then value for critical z is +1.645.
To solve this problem you must apply the proccedure shown below:
1. You have that
varies jointly as
and
and inversely as the product of
and
. Therefore, you can write the following equation, where
is the constant of proportionality:

2. Now, you must solve for the constant of proportionality, as following:

3. Susbtiute values:


4. Substitute the value of the constant of proportionality into the equation:

The answer is: 
Answer:
1 2/18
Step-by-step explanation:
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