On its website, a property management company claims that the median monthly rent for apartments on the east side of town is$700. A researcher for a consumer advocacy group believes that, due to the construction of new apartment complexes in neighboring cities, the median monthly rent on the East Side, is now lower. A random sample offiftoonthly rentals for apartments on the east side average$699, with a standard deviation of $twenty-one Assume that the current monthly rents for the apartments on the east side follow approximately a normal distribution. Based on the sample, is there enough evidence to conclude, at the level of significance of0.05 that the median monthly rent for the town is now less than what is stated on the website? Perform a one-tailed test. Then complete the parts below. Carry intermediate calculations to three or more decimal places. (If necessary, you can refer to a list of formulas.) (to) (b) Formulate the null hypothesish and the alternative hypothesish. ho: μ = 700 h₁ μ< 700 Determine which type of test statistic to use. Degrees of freedom: Find the value of the test statistic. (Round to three or more decimal places.) 0.184 you μ X 9 0=0 0*0 O S 00 OSO Р P olo 020 O0

On its website, a property management company claims that the median monthly rent for apartments on the east side of town is$700. A researcher for a consumer advocacy group believes that, due to the construction of new apartment complexes in neighboring cities, the median monthly rent on the East Side, is now lower. A random sample offiftoonthly rentals for apartments on the east side average$699, with a standard deviation of $twenty-one Assume that the current monthly rents for the apartments on the east side follow approximately a normal distribution. Based on the sample, is there enough evidence to conclude, at the level of significance of0.05 that the median monthly rent for the town is now less than what is stated on the website? Perform a one-tailed test. Then complete the parts below. Carry intermediate calculations to three or more decimal places. (If necessary, you can refer to a list of formulas.) (to) (b) Formulate the null hypothesish and the alternative hypothesish. ho: μ = 700 h₁ μ< 700 Determine which type of test statistic to use. Degrees of freedom: Find the value of the test statistic. (Round to three or more decimal places.) 0.184 you μ X 9 0=0 0*0 O S 00 OSO Р P olo 020 O0

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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