Solution) The average undergraduate cost for tuition, fees, and room and board for two-year institutions last


Question: The average undergraduate cost for tuition, fees, and room and board for two-year institutions last year was $13,252. The following year, a random sample of 20 two-year institutions had a mean of $15,560 and a standard deviation of $3500. Is there sufficient evidence at the a = 0.01 level to conclude that the mean cost has increased?

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