We would like to conduct a hypothesis test to determine whether the true mean rent amount for all one-bedroom apartments in Winnipeg differs from $850. We take a random sample of 50 one-bedroom apartments and calculate the sample mean to be $900. A 98% confidence interval for μ is calculated to be (830, 970). The conclusion for our test would be to:

Question 8 options:

A)	fail to reject H0 at the 2% level of significance since the value 850 is contained in the 98% confidence interval.

B)	fail to reject H0 at the 1% level of significance since the value 900 is contained in the 98% confidence interval.

C)	fail to reject H0 at the 2% level of significance since the value 900 is contained in the 98% confidence interval.

D)	reject H0 at the 2% level of significance since the value 850 is contained in the 98% confidence interval.

E)	reject H0 at the 1% level of significance since the value 900 is contained in the 98% confidence interval.

Answer rating: 100% (QA)

Given that Smaple size n 50 Sample mean 900 Null and alte... View the full answer