(Q5). The data on monthly rents, in dollars, for independent random samples of newly completed apartments in three U.S. regions are presented in the table below. Assume that the population standard deviation of the monthly rents in the three regions are equal and the populations are normally distributed. Northeast South _____West 1005 891 1025 898 630 1012 948 861 1090 1181 926
(Q5). The data on monthly rents, in dollars, for independent random samples of newly completed apartments in three U.S. regions are presented in the table below. Assume that the population standard deviation of the monthly rents in the three regions are equal and the populations are
Northeast South _____West
1005 891 1025
898 630 1012
948 861 1090
1181 926
_______________________________
(a). Do the data indicate that there is a difference in the monthly rent for the three regions? Discuss the assumptions you have made to carry out your analysis. Use a significance level of 10%.
(b). Interpret your conclusion in words relating to the problem.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
