You believe the cost of a one-bedroom apartment is less than a two-bedroom apartment in your area. A realtor tells you that the standard rent for a two-bedroom apartment is $590 per month. You collect data from 10 advertisements for aone-bedroomapartment.

Here are the rents for the one-bedroom apartments (in dollars/month): 520, 645, 600, 505, 450, 550, 515, 495, 650, 385

Do one-bedroom apartments rent for significantlyless thantwo-bedroom apartments? What can you conclude? Assume alpha = 0.05

Select the appropriate conclusion:

Select one:

a. p-value is approximately 0.019; one-bedroom apartments rent for significantly more than two-bedroom apartments.

b. p-value is approximately 0.026; one-bedroom apartments rent for significantly less than two-bedroom apartments

c. p-value is approximately 0.974; one-bedroom apartments rent for significantly less than two-bedroom apartments.

d. p-value is approximately 2.219; one-bedroom apartments rent for the same as two-bedroom apartments.