Answer to Question #34282 in Statistics and Probability for Joe

Question

At a university, the average cost of books per student has been $400 per student per semester. The Dean of Students believes that the costs are increasing and that the average is now greater than $400. He surveys a sample of 40 students and finds that for the most recent semester their average cost was $430 with a standard deviation of $80. What is the test value for this hypothesis test?