The mean annual tuition and fees for a sample of 12 private colleges was $40,500 with a standard deviation of $5,000 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 $37,400. State a conclusion regarding H₀ . Use the $\alpha = 0.01$ level of significance. A) There is not enough information to draw a conclusion. B) Reject H₀. The mean annual tuition and fees appears to be different from $37,400. C) Do not reject H₀.

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The Answer of The mean annual tuition and fees for a sample of 12 private colleges was $40,500 with a standard deviation of $5,000 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 $37,400. State a conclusion regarding H₀ . Use the $\alpha = 0.01$ level of significance. A) There is not enough information to draw a conclusion. B) Reject H₀. The mean annual tuition and fees appears to be different from $37,400. C) Do not reject H₀.

The Mean Annual Tuition and Fees for a Sample of 12