Question
A study is made comparing the cost to rent a one-bedroom apartment in Cincinnati with the corresponding cost of similar apartments in Pittsburgh.A sample of
A study is made comparing the cost to rent a one-bedroom apartment in Cincinnati with the corresponding cost of similar apartments in Pittsburgh.A sample of 40 apartments in Cincinnati showed the mean rental rate to be $872, with a known population standard deviation of $32.A sample of 45 apartments in Pittsburgh showed the mean rate to be $881, with a known population standard deviation of $25. At the .10 significance level, is there a difference in the mean rental rate between Cincinnati and Pittsburgh?Use the five-step, critical value, hypothesis-testing procedure.
a-Write theNull andAlternateHypothesis
b-CalculatetheTest Statistice.
c-Determine thecritical value or valuesto use in your decision rule.
d-At the .10 significance level, is there a difference in the mean rental rate between Cincinnati and Pittsburgh?Use the five-step, critical value, hypothesis-testing procedure. Make a finalstatement and conclusion.
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