Average college cost of tuition fee for all private institutions last year was P36, 400. A random sample of costs this year for 45 institutions of higher learning indicated that the sample mean was P37,900 and a

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Average college cost of tuition fee for all private
institutions last year was P36, 400. A random sample
of costs this year for 45 institutions of higher learning
indicated that the sample mean was P37,900 and a
sample standard deviation was P5,600. At the 0.10
level of significance, is there sufficient evidence to
conclude that the cost has increased? (Illustrate the
six (6) steps in hypothesis testing using the p-value
approach or the confidence interval.)
Transcribed Image Text:Average college cost of tuition fee for all private institutions last year was P36, 400. A random sample of costs this year for 45 institutions of higher learning indicated that the sample mean was P37,900 and a sample standard deviation was P5,600. At the 0.10 level of significance, is there sufficient evidence to conclude that the cost has increased? (Illustrate the six (6) steps in hypothesis testing using the p-value approach or the confidence interval.)
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