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A random sample of 15 monthly rents for two-bedroom apartments was selected from a certain city. The mean of this sample is $636. Assume the population standard deviation is $121. A group of students think the mean rent for two-bedroom apartments is less than $650. Test their claim with a significance level of a 0.05. Use this scenario to answer questions 1-5 1) State the alternative and null hypothesis. 2) Calculate the test statistic 3) Identify the p-value. 4) Make your decision. 5) Interpret the results

A random sample of 15 monthly rents for two-bedroom apartments was selected from a certain city. The mean of this sample is $636. Assume the population standard deviation is $121. A group of students think the mean rent for two-bedroom apartments is less than $650. Test their claim with a significance level of a 0.05. Use this scenario to answer questions 1-5 1) State the alternative and null hypothesis. 2) Calculate the test statistic 3) Identify the p-value. 4) Make your decision. 5) Interpret the results

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A random sample of 15 monthly rents for two-bedroom apartments was selected from a certain city. The mean of this sample is $636. Assume the population standard deviation is $121. A group of students think the mean rent for two-bedroom apartments is less than $650. Test their claim with a significance level of a 0.05. Use this scenario to answer questions 1-5 1) State the alternative and null hypothesis. 2) Calculate the test statistic 3) Identify the p-value. 4) Make your decision. 5) Interpret the results
Transcribed Image Text:A random sample of 15 monthly rents for two-bedroom apartments was selected from a certain city. The mean of this sample is $636. Assume the population standard deviation is $121. A group of students think the mean rent for two-bedroom apartments is less than $650. Test their claim with a significance level of a 0.05. Use this scenario to answer questions 1-5 1) State the alternative and null hypothesis. 2) Calculate the test statistic 3) Identify the p-value. 4) Make your decision. 5) Interpret the results
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