The Iowa Department of Transportation repaired hundreds of bridges in 1993. To check the average cost to repair a bridge, a random sample of n = 55 bridges was chosen. The mean and standard deviation...

The Iowa Department of Transportation repaired hundreds of bridges in 1993. To check the average cost to repair a bridge, a random sample ofn = 55 bridges was chosen. The mean and standard deviation for the sample are $25,788 and $1,540, respectively. Records from previous years indicate an average bridge repair cost was $25,003. Use the sample data to test that the 1993 meanμυ is greater than $25,003.


What is the test statistic T?


(please round to 2 decimals, e.g. 1.23)