mayor wants to know whether mean one-bedroom apartment rents in the town really are lower now than
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Question:
mayor wants to know whether mean one-bedroom apartment rents in the town really are lower now than last year’s $375 per month average. A random sample of 50 of the town’s 450 one-bedroom apartments is taken. Let alpha = 0.01. The sample mean is $368 and the sample standard deviation is $20. The p-value for the hypothesis test is closest to
Group of answer choices
.0168
.0067
.0084
.111
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1118749647
8th edition
Authors: Black Ken
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