The Average Cost of Tuition Plus Room and Board at for a Small

question 39

Multiple Choice

The average cost of tuition plus room and board at 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 test statistic for this test?

• A)±3.82
• B)+0.204
• C)−3.82
• D)+3.82

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Definitions:

Younger Adults

Individuals typically in their late teens to late 30s, considered to be in an early stage of adulthood.

Events

Occurrences or happenings that are noteworthy.

Brain

The organ of the body in the head that controls functions, movements, sensations, and thoughts.

Interference Theory

A theory explaining how new information can interfere with the retrieval of old information from memory.