MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A rental agent claims that the mean monthly rent,
, for apartments on the east side of town is less than
. A random sample of
monthly rents for apartments on the east side has a mean of
, with a standard deviation of
. If we assume that the monthly rents for apartments on the east side are normally distributed , is there enough evidence to conclude, at the
level of significance, that
is less than
?
μ
$650
16
$645
$21
0.05
μ
$650
Perform a one-tailed test. Then fill in the table below.
Carry your intermediate computations to at least three decimal places and round your answers as specified in the table.
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