Find test statistic-degrees of freedom and the p-value

Reference no: EM13124738

Is the difference significant? Tom wonders if two-bedroom apartments rent for significantly more than one-bedroom apartments. Use the data in the previous exercise to find out.

(a) State appropriate null and alternative hypotheses.
(b) Report the test statistic, its degrees of freedom, and the P-value. What do you conclude?
(c) Can you conclude that every one-bedroom apartment costs less than every two-bedroom apartment?
(d) In the previous exercise you found a confidence interval. In this exercise you performed a significance test. Which do you think is more useful to someone planning to rent an apartment? Why?

Reference no: EM13124738

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