The mean annual tuition and fees in the 2018 - 2019 academic year for a sample of 14 public colleges in California was $30,500 with a standard deviation of $4,500. At the α = 0.01 level of significance, can you conclude that the mean tuition and fees for public institutions in California differs from $30,000?
1. State the null and alternative hypotheses and the type of test this is?
2. Compute the critical value and the value of the test t statistic. How many degrees of freedom are there? (Show the work so I cam compare it with my work to make sure I understand this assingment)
CV, Test T, and df
3. Compute the p-value
4. Do you reject or fail to reject the null hypothesis. Explain why. Use the α = 0.01 level of significance?
what is the conclusion?
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