The average cost of tuition and room and board at 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 ? = 0.05. What is the test statistic for this test?A. ±3.82B. +0.204C. -3.82D. +3.82

Respuesta :

Answer:

D. +3.82

Step-by-step explanation:

The null hypothesis is:

[tex]H_{0} = 8500[/tex]

The alternate hypotesis is:

[tex]H_{1} > 8500[/tex]

Our test statistic is:

[tex]t = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

In which X is the sample mean, [tex]\mu[/tex] is the expected mean(null hypothesis), [tex]\sigma[/tex] is the standard deviation of the population and n is the size of the sample.

In this problem:

[tex]X = 8745, \mu = 8500, \sigma = 1200, n = 350[/tex]

So

[tex]t = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

[tex]t = \frac{8745 - 8500}{\frac{1200}{\sqrt{350}}}[/tex]

[tex]t = 3.82[/tex]