A rental agent claims that the mean monthly rent, p, for apartments on the east side of town is less than $650. A random sample of 19 monthly rents for apartments on the east side has a mean of $647, with a standard deviation of $16. If we assume that the monthly rents for apartments on the east side are normally distributed, is there enough evidence to conclude, at the 0.10 level of significance, that u is less than $650? D Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers as specified in the table. (If necessary, consult a list of formulas.) (a) State the null hypothesis Ho and the alternative hypothesis H H O P Ho : X S (b) Determine the type of test statistic to use. (Choose one) 0-0 050 020 (c) Find the value of the test statistic. (Round to three or more decimal places.) *0 00 0 X 5 (d) Find the p-value. (Round to three or more decimal places.) 0 (e) Using the 0.10 level of significance, can we conclude that the mean monthly rent for apartments on the east side is less than $650? Yes ONO