The Average Cost of Tuition, Room and Board at Community $\alpha$

question 127

Multiple Choice

The average cost of tuition, room and board at community colleges is reported to be $8,500 per year with a standard deviation of $1,200, but a financial administrator believes that the average cost is higher. A study conducted using 150 community colleges showed that the average cost per year is $9,000. Let $\alpha$ = 0.05. What is the critical z-value for this test?

• A) +1.96
• B) -1.96
• C) +1.65
• D) -1.65

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Definitions:

Political Development

The processes through which a political system evolves over time, often marked by significant social, economic, and institutional changes.

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people.

Slavophiles

Individuals or movements favoring Russian culture and traditions over Western European influences, often emphasizing the unique characteristics and values of Slavic peoples.

Modernization

Modernization refers to the process of adopting new technologies, ideas, and social systems, leading to the transformation of economic, social, and cultural life.