SCENARIO 3-7 In a Recent Academic Year,many Public Universities in the United

question 143

Short Answer

SCENARIO 3-7
In a recent academic year,many public universities in the United States raised tuition and fees due to a decrease in state subsidies.The change in the cost of tuition,a shared dormitory room,and the most popular meal plan from the previous academic year for a sample of 10 public universities were as follows: $1,589,$593,$1,223,$869,$423,$1,720,$708,$1425,$922 and $308.
-Referring to Scenario 3-7,what is the five-number summary of the change in the cost?

Understand the assumptions and conditions under which the t-distribution is used.

Learn the conditions under which hypothesis tests about population means are valid.

Understand the meaning and calculation of the test statistic in hypothesis testing.

Understand the degrees of freedom concept and how it affects the t-distribution.

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