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The Average Cost of Tuition, Room and Board at Community

Question 67

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 α = 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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