A rental agent claims that the mean monthly rent,  μ , for apartments on the east side of town is less than  $650 . A random sample of  16  monthly rents for apartments on the east side has a mean of  $645 , with a standard deviation of  $21 . If we assume that the monthly rents for apartments on the east side are normally distributed, is there enough evidence to conclude, at the  0.05  level of significance, that  μ  is less than  $650 ? Perform a one-tailed test. Then fill in the table below. Carry your intermediate computations to at least three decimal places and round your answers as specified in the table. The null hypothesis: H0:   The alternative hypothesis: H1:   The type of test statistic: (Choose one)ZtChi squareF             The value of the test statistic: (Round to at least three decimal places.)   The p-value: (Round to at least three decimal places.)   Using the 0.05 level of significance, can we conclude that the mean monthly rent for apartments on the east side is less than  $650

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A rental agent claims that the mean monthly rent, 
μ
, for apartments on the east side of town is less than 
$650
. A random sample of 
16
 monthly rents for apartments on the east side has a mean of 
$645
, with a standard deviation of 
$21
. If we assume that the monthly rents for apartments on the east side are normally distributed, is there enough evidence to conclude, at the 
0.05
 level of significance, that 
μ
 is less than 
$650
?

Perform a one-tailed test. Then fill in the table below.

Carry your intermediate computations to at least three decimal places and round your answers as specified in the table.

The null hypothesis:
H0:
 
The alternative hypothesis:
H1:
 
The type of test statistic: (Choose one)ZtChi squareF      
     
The value of the test statistic:
(Round to at least three decimal places.)
 
The p-value:
(Round to at least three decimal places.)
 
Using the 0.05 level of significance, can we conclude that the mean monthly rent for apartments on the east side is less than 
$650
?
 
Yes
 
 
No
 
 
 
 
 
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