10) The average cost of tuition plus room and board for a small private liberal arts college is reported to be $8,950 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 $9,240. The population standard deviation is $1,200. Let a = 0.05. What is the p-value for this test? A) 0.0000 B) 0.8250 C) 0.0500 D) 0.5639
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