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NEW QUESTION: 1
The average cost of tuition, room and board at a small private liberal arts college is reported to be $8,500 per term, but a financial administrator at Moravian College believes that the average cost is much higher. A study was conducted using 150 small liberal arts colleges and findings showed that the average cost per term is $9,000 with a standard deviation of $1,200. Let alpha = 0.05. The Ho: Mu less than or equal to
$8,500. H1: Mu is bigger than $8,500.
What is the critical z-value for this test?
A. +1.645
B. -1.645
C. None of these answers
D. +1.96
E. -1.96
Answer: A
Explanation:
Explanation/Reference:
Explanation:
From the hypothesis, this is a one tailed test. Since alpha is 0.05. We have 0.05, which gives us a z value of +/1.645. From the Ho we see that the rejection region lies to the right of the mean, so the critical value is
+1.645.

NEW QUESTION: 2
Assessing process proportion as opposed to evaluating a process with respect to a set target can be done using one or more of these. (Note: There are 2 correct answers).
A. When we deal with Attribute type data
B. Target is current
C. Process proportion equals some value range
D. Process proportion equals some desired value
E. Proportion of the tail is equal
Answer: A,D

NEW QUESTION: 3
Which of the following reports are delivered under oath to a board of
directors/managers/panel of jury?
A. Verbal Formal Report
B. Written Formal Report
C. Written informal Report
D. Verbal Informal Report
Answer: A