The average cost of tuition, room and board at small private liberal arts colleges is reported to be $8,745 per term, but a financial administrator believes that the average cost is less than this. A study conducted using 350 small liberal arts colleges showed that the average cost per term is $8,500 and the population standard deviation from previous studies is $1,200. Let = 0.05. Match the following answers to corresponding questions. What is the critical z- value for this test? Choose... What is the test statistic for this test? Choose... This test signifies that we can... Choose... The p-value for this test is approximately.. Choose...

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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The average cost of tuition, room and
board at small private liberal arts colleges
is reported to be $8,745 per term, but a
financial administrator believes that the
average cost is less than this. A study
conducted using 350 small liberal arts
colleges showed that the average cost per
term is $8,500 and the population standard
deviation from previous studies is $1,200.
Let = 0.05. Match the following answers to
corresponding questions.
What is the critical z-
value for this test?
Choose...
What is the test
statistic for this test?
Choose...
This test signifies that
we can...
Choose...
The p-value for this
test is approximately..
Choose...
Transcribed Image Text:The average cost of tuition, room and board at small private liberal arts colleges is reported to be $8,745 per term, but a financial administrator believes that the average cost is less than this. A study conducted using 350 small liberal arts colleges showed that the average cost per term is $8,500 and the population standard deviation from previous studies is $1,200. Let = 0.05. Match the following answers to corresponding questions. What is the critical z- value for this test? Choose... What is the test statistic for this test? Choose... This test signifies that we can... Choose... The p-value for this test is approximately.. Choose...
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