Computing the change in the average expenditure on students

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Reference no: EM13827889

Problem-

The average expenditure per student (based on average daily attendance) for a certain school year was $10,337 with a population standard deviation of $1560. A survey for the next school year of 150 randomly selected students resulted in a sample mean of $10,798. Do these results indicate that the average expenditure has changed? Choose your own level of significance.

Additional information-

This problem related to Basic Statistics and it is about computing the change in the average expenditure on students of a school in two years. The change in average expenditure needs to be noted.

Reference no: EM13827889

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