What is test value for the hypothesis test for average cost


At a university, the average cost of books per student has been $400 per student per semester. The Dean of Students believes that the costs are increasing and that the average is now greater than $400. He surveys a sample of 40 students and finds that for the most recent semester their average cost was $430 with a standard deviation of $80. What is the test value for this hypothesis test?

Test value: Round your answer to two decimal places as necessary.

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: What is test value for the hypothesis test for average cost
Reference No:- TGS098002

Expected delivery within 24 Hours