Question: LEARNING OBJECTIVE: Calculate the p-value from a given z-test statistic. Spencer randomly samples the out-of-state tuition and fees for 25 public universities and found a
LEARNING OBJECTIVE: Calculate the p-value from a given z-test statistic.
Spencer randomly samples the out-of-state tuition and fees for 25 public universities and found a mean of $21,032 with a standard deviation of $2,494. Using the alternative hypothesis that < $21,706, Spencer found a z test statistic of -1.35.
Given the data provided, what is the p-value of the z-test statistic? Answer choices are rounded to the thousandths place.
A.) 0.089
B.) 0.829
C.) 0.911
D.) 0.171
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