You've set your hypotheses on the mean monthly rent of all advertised one-bedroom apartment as follows.
Test it at α = 0.05 (Sample size 100). Please write your conclusion.
Solution :
This is the two tailed test .
The null and alternative hypothesis is ,
H0 : =
550
Ha :
550
Test statistic = t
n =100
df = n- 1 = 100-1 = 99
Test statistic = t = 1.984
P-value =0.0500
= 0.05
P-value =
0.0500 = 0.05
Accepets the null hypothesis .
You've set your hypotheses on the mean monthly rent of all advertised one-bedroom apartment as follows....
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