The average cost of tuition and room and board for a small private liberal arts college is reported to be $8,500 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 $8,745. The population standard deviation is $1,200. Let a = 0.05. What are the null and alternative hypotheses for this study? O Ho: us $9,000; H1: µ > $9,000 O Ho: H2 $8,500; H1: µ < $8,500 O Ho: H2 $9,000; H1: µ < $9,000 O Ho: us $8,500; H1: µ > $8,500

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The average cost of tuition and room and board for a small private liberal arts college is reported to be $8,500 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 $8,745. The population standard deviation is $1,200. Let a = 0.05. What are the null and
alternative hypotheses for this study?
Họ: us $9,000; H1: p > $9,000
Ho: p2 $8,500; H1: µ < $8,500
Ho: µ2 $9,000; Hq: µ < $9,000
Họ: us $8,500; H1: p > $8,500
Transcribed Image Text:The average cost of tuition and room and board for a small private liberal arts college is reported to be $8,500 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 $8,745. The population standard deviation is $1,200. Let a = 0.05. What are the null and alternative hypotheses for this study? Họ: us $9,000; H1: p > $9,000 Ho: p2 $8,500; H1: µ < $8,500 Ho: µ2 $9,000; Hq: µ < $9,000 Họ: us $8,500; H1: p > $8,500
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