Question

In the academic year of 2010-11, it was found that the national average for one year of tuition and fees at a private institution of higher learning was $24,897 with a standard deviation of $1,347. The current estimate for the 33 institutions of higher learning in Louisiana indicates an average of $19,785 per year. Answer the following and determine whether this is a significantly lower expected cost.
Step 1 What type of hypothesis test should be performed here?
Step 2 State the null and alternative hypothesis.
Step 3 conclusion
Step 4 Choose your interpretation

Answer 1