Perform one-tailed test-test statisitc and degree of freedom

Assignment Help Basic Statistics

Reference no: EM13154260

A rental agent claims that the mean monthly rent, , for apartments on the east side of town is less than $675 . A random sample of 18 monthly rents for apartments on the east side has a mean of $661, with a standard deviation of $24. If we assume that the monthly rents for apartments on the east side are normally distributed, is there enough evidence to conclude, at the .05 level of significance, that is less than $675 ?

Perform a one-tailed test.

Null Hypothesis =
alternative hypothesis =
test statisitc and degree of freedom
value of test statistic
p value

Reference no: EM13154260

Questions Cloud

Why th results are different at the different interest rate : whythe results are different at the different interest rates.

Conduct a regression analysis : Using Excel, conduct a regression analysis for the following data comparing vehicle weight with fuel efficiency, including:a.?Trendline chart b.?Equation c.?Correlation Coefficient

What is the highest percent yield of n2 that can be expected : During studies of the reaction below, 2 N2H4(l) + N2O4(l) ? 3 N2(g) + 4 H2O(g) a chemical engineer measured a less-than-expected yield of N2 and discovered that the following side reaction occurs

Determining earnings per common share : Marshall Company had 500,000 shares of common stock issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 100,000 of which were issued on October 1, 2004. Net income for the year ended December 31, 2004,..

Perform one-tailed test-test statisitc and degree of freedom : If we assume that the monthly rents for apartments on the east side are normally distributed, is there enough evidence to conclude, at the .05 level of significance, that is less than $675?

Unit contribution margin-contribution margin : Calculate both the unit contribution margin and contribution margin, and prepare a contribution margin statement.

What is the value of a preferred stock : 1. (Preferred Stock Valuation) What is the value of a preferred stock where the dividend rate is 13 percent on a $100 par value? The appropriate discount rate for a stock of this risk level is 12 percent.

How many grams of water are present : Suppose 1500 J of heat energy are put into a sample of liquid water at 25 degrees celsius, and the final temperature of the water is 75 degrees celsius. How many grams of water are present?

Determine the cost of direct materials : A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used.

User Account

All Pages