What is the p-value if cost of attendance has increased

Reference no: EM13143498

Average undergraduate cost for tuition, fees, room and board for all institutions in 2007 was $19,410. A random sample of costs in 2008 for 40 institutions indicated that the sample mean was $22,098. Given that the standard deviation for the population is $6050. If we test to see if this is evidence at the 1% significance level that the cost of attendance has increased what is the p-value?

Reference no: EM13143498

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