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 = 0.05. What is the critical z-value for this test?
A) +1.96
B) -1.96
C) +1.65
D) -1.65
Correct Answer:

Verified
Correct Answer:
Verified
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