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Bob looks in the classified ads for rents of one-bedroom and two-bedroom apartments. He writes down the figures for 10 apartments of each type. He
Bob looks in the classified ads for rents of one-bedroom and two-bedroom
apartments.
He writes down the figures for 10 apartments of each type.
He then
summarizes the two distributions as follows:
One bedroom: x-bar=531 and s=82.8
Two bedroom: x-bar=609 and s=89.3
Perform a hypothesis test that the average rent for a two-bedroom apartment is greater
than that for a one-bedroom apartment.
Use alpha=0.10.
State your null and alternative
hypotheses, calculate the test statistic, find the p-value and state your conclusion
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