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

question 81

Multiple Choice

The average cost of tuition plus 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 is the critical z value for this test?

• A) +1.960
• B) -1.960
• C) +1.645
• D) -1.645

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Definitions:

Cognitive

Pertaining to mental processes such as perception, memory, thinking, and problem solving.

Rational-Emotive

Rational-Emotive Behavior Therapy (REBT) is a form of psychotherapy which focuses on resolving emotional and behavioral problems and disturbances by confronting irrational beliefs and changing them.

Albert Ellis

A psychologist and psychotherapist who founded Rational Emotive Behavior Therapy, a form of cognitive-behavioral therapy.

Therapist

A professional trained in the practice of treating psychological problems and mental health issues through various forms of therapy.