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The average cost of tuition plus 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 α = 0.05. What is the p-value for this test?
Points
Specific locations in a space, defined by coordinates, with no dimension or size.
Slope
The measure of the steepness of a line, typically represented as the ratio of the vertical change to the horizontal change between two points on the line.
Points
The basic unit of geometry, representing a location in space with no dimension.
Slope
In mathematics, specifically in algebra and geometry, it refers to the measure of the steepness or incline of a line, represented as a ratio of the vertical change to the horizontal change between two points on the line.
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