The average cost of tuition plus room and board for a small private liberal arts college is reported to be $9,350 per term, but a financial administrator believes that the average cost is higher. A study conducted using 350 small liberal arts colleges showed that the average cost per term is $9,680. The population standard deviation is $1,200. Let α = 0.05. What is the p-value for this test? a.0.6263 b.1.4490 c.0 d.0.0500