Question
A real-estate agent states that rents for a 1-bedroom apartment in Bergen County is $1229 per month. A student at BCC claims this is too
A real-estate agent states that rents for a 1-bedroom apartment in Bergen County is $1229 per month. A student at BCC claims this is too low. The student states he rents an apartment that costs him $1375 a month. The mean rent of 17 randomly selected apartments in Bergen County is $1350 per month with a standard deviation of $250. Using thetraditional method of hypotheses testing, use a
significance level to test the students claim. (13 points)
a) State the claim in words: (3 points)
b) State Null and Alternative hypotheses using the correct notation. (2 points
c) State the data given: Include the following d) State the critical value (s) C.V.: (2 points)
e) State theZtestorTtestvalue (1 point) f) State your decision: (1 point)
g) Write your statement: (3 points)
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