Question: The data set provided contains the aver-age tuition of private four-year colleges and universities as well as the average 20072008 tuitions for each state. The

The data set provided contains the aver-age tuition of private four-year colleges and universities as well as the average 2007–2008 tuitions for each state. The mean tuition charged by a public two-year college was $2763, with a standard deviation of $988. For private four-year colleges the mean was $21,259, with a standard deviation of $6241. Which would be more unusual: a state whose average public two-year college is $700 or a state whose average private four-year college tuition was $10,000? Explain.

Step by Step Solution

3.45 Rating (171 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The values have to be standardized and the z values c... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

452-M-S-D-A (1466).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!