Question #1
The mean annual tuition and fees for a sample of 15 private colleges was $41,200 with a standard deviation of $5,300. A dotplot shows that it is reasonable to assume that the population is approximately normal. You wish to test whether the mean tuition and fees for private colleges is different from $38,000.
State the null and alternate hypotheses.
A.
Ho: μ ≠ 38,000, H1: μ = 38,000
B.
Ho: μ = 38,000, H1: μ ≠ 41,200
C.
Ho: μ = 38,000, H1: μ = 41,200
D.
Ho: μ = 38,000, H1: μ ≠ 38,000