Answered: The mean tuition and fees for a sample…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The mean tuition and fees for a sample of 11 private colleges was $36,500 with a standard deviation of $5,400. The population is nearly normally distributed. You wish to test Page of 6 7 whether the mean tuition and fees for private college is different from $40,000. a. State the null hypothesis. b. Compute the value of the test statistic. c. State a conclusion regarding the null hypothesis. Use the 5% level of significance

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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