The average fee in a private school in Georgia is more than $13,000 for one year...

The average fee in a private school in Georgia is more than $13,000 for one year with σ = $3000. Assume the population is normally distributed. A random sample of 15 private schools in Georgia yielded a mean yearly fee of $14,500. Test using the critical value method if the population mean of the yearly fee in a private school in Georgia is more than $13,000, using α = 0.10.

a.	Zcrit = 1.28, reject H0.
b.	Zcrit = 1.28, do not reject H0.
c.	Zcrit = 2.34, do not reject H0.
d.	Zcrit = 2.34, reject H0.

Expert Solution

Solution:

Correct option is a. Zcrit=1.28, Reject Ho.

orchestra answered 3 years ago

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The average fee in a private school in Georgia is more than $13,000 for one year...

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