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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 α = 0.05. What are the null and alternative hypotheses for this study?
Courts of Equity
Judicial venues that decide cases based on fairness and moral righteousness, as opposed to strictly adhering to written laws.
Separate Court Systems
Jurisdictional distinctions within a country's judiciary, where different types of courts handle specific kinds of matters, such as federal versus state courts in the United States.
Supreme Law
The highest form of law in a legal jurisdiction, to which all other laws must conform; in many countries, this is the constitution.
U.S. Constitution
The supreme law of the United States that outlines the national framework of government, consisting of the preamble, seven original articles, and 27 amendments.
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