Question

The 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

.1111

Answer 1