A housing official in a certain city claims that the mean monthly rent for apartments in the city is less than $1000. To verify
A housing official in a certain city claims that the mean monthly rent for apartments in the city is less than $1000. To verify this claim, a simple random sample of 43 renters in the city was taken, and the mean rent paid was $939 with a standard deviation of $255. Can you conclude that the mean monthly rent in the city is less than $1000? Use the a = 0.07 level. a. State the null and alternative hypotheses. Jays! Ho: Son Select an answer H: ? ? C Select an answer C b. Find the critical value and sketch the rejection region. Sketch of Rejection Region: amb 219 -3 -2 -1 0 1 2 3 -3 -2 -1 0 1 2 a -3 -2 -1 0 1 Critical value(s): 72 3 a bad zanedd bsbsid + 3 of 006 months a (If there are two critical values, list both values separated by a comma) c. Find the test statistic. d. Find the p-value. 22 to e. Decide: Select an answer = Ho f. Conclusion: At a = 0.07 significance level, there Select an answer enough evidence to conclude that the mean monthly rent in the city is less than $1000. g. Type of Error: A Select an answer error could occur in this problem. The probablity of this error occurring is Select an answer. We can reduce the probability of this error occurring by Select an answer
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