The average dues paid by students at state universities across the country were $2236 per student last year. The average for a random sample of 500 students this year is $2350. Given the following hypotheses, Ho: 4 = 2236 (The average fees are the same as last year.) Ha: M + 2236 (The average fees are not the same as last year.) compute the p-value for the sample result. Assume the population standard deviation is $724. If the significance level is 5%, can the null hypothesis be rejected?

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The average dues paid by students at state universities across the country were $2236 per student last year. The average for a random sample of 500 students this year is $2350. Given the following hypotheses,

Ho: 4 = 2236 (The average fees are the same as last year.)

Ha: M + 2236 (The average fees are not the same as last year.)

compute the p-value for the sample result. Assume the population standard deviation is $724. If the significance level is 5%, can the null hypothesis be rejected?

Expert Solution
Step 1

The hypotheses for the test are given below.

Null hypothesis:

H0: µ = 2236

 Alternative hypothesis:

Ha: µ ≠ 2236

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