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A real estate agent suggests that the median rent for one-bedroom apartment in a community is $325 per week. A sample of 12 one-bedroom homes shows the following weekly rents. At a =0.05, is there enough evidence to reject the agent's claim? $405 $560 $320 $309 $435 $325 $420 $460 $514 $350 $531 $450 A. Determine the test statistic. B. Determine the critical value. C. The decision is to: OReject Ho OFail to reject HO License

A real estate agent suggests that the median rent for one-bedroom apartment in a community is $325 per week. A sample of 12 one-bedroom homes shows the following weekly rents. At a =0.05, is there enough evidence to reject the agent's claim? $405 $560 $320 $309 $435 $325 $420 $460 $514 $350 $531 $450 A. Determine the test statistic. B. Determine the critical value. C. The decision is to: OReject Ho OFail to reject HO License

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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A real estate agent suggests that the median rent for one-bedroom apartment in a community is $325 per week. A sample of 12 one-bedroom homes shows the following weekly rents. At a =0.05, is there enough evidence to reject the agent's claim? $405 $560 $320 $309 $435 $325 $420 $460 $514 $350 $531 $450 A. Determine the test statistic. B. Determine the critical value. C. The decision is to: OReject Ho OFail to reject HO License
Transcribed Image Text:A real estate agent suggests that the median rent for one-bedroom apartment in a community is $325 per week. A sample of 12 one-bedroom homes shows the following weekly rents. At a =0.05, is there enough evidence to reject the agent's claim? $405 $560 $320 $309 $435 $325 $420 $460 $514 $350 $531 $450 A. Determine the test statistic. B. Determine the critical value. C. The decision is to: OReject Ho OFail to reject HO License
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