A Real Estate Agent Surmises That the Median Rent for a One-Bedroom

Essay

A real estate agent surmises that the median rent for a one-bedroom apartment in a beach community is at least $1900 per month. The rents for a random sample of 15 one-bedroom apartments are listed below. Test the agent's claim. Use α = .01. $$\begin{array} { l l l l l } \$ 2200 & \$ 2150 & \$ 1600 & \$ 1775 & \$ 1635 \\\$ 2650 & \$ 2075 & \$ 1570 & \$ 2290 & \$ 2900 \\\$ 1895 & \$ 1900 & \$ 1975 & \$ 1900 & \$ 1680\end{array}$$