Math

StatisticsQ&A LibraryFair Market Rent. According to the document Out of Reach, published by the National Low Income Housing Coalition, the fair market rent (FMR) for a two-bedroom unit in the United States is $949. A sample of 100 randomly selected twobedroom units yielded the data on monthly rents, in dollars, given on the WeissStats site. Use the technology of your choice to do the following. a. At the 5% significance level, do the data provide sufficient evidence to conclude that the mean monthly rent for two bedroom units is greater than the FMR of $949? Apply the one-mean t-test.b. Remove the outlier from the data and repeat the hypothesis test in part (a).c. Comment on the effect that removing the outlier has on the hypothesis test.Start your trial now! First week only $4.99!*arrow_forward*

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**Fair Market Rent.** According to the document Out of Reach, published by the National Low Income Housing Coalition, the fair market rent (FMR) for a two-bedroom unit in the United States is $949. A sample of 100 randomly selected twobedroom units yielded the data on monthly rents, in dollars, given on the WeissStats site. Use the technology of your choice to do the following.

a. At the 5% significance level, do the data provide sufficient evidence to conclude that the mean monthly rent for two bedroom units is greater than the FMR of $949? Apply the one-mean t-test.

b. Remove the outlier from the data and repeat the hypothesis test in part (a).

c. Comment on the effect that removing the outlier has on the hypothesis test.

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