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Choose the One Alternative That Best Completes the Statement or Answers

Question 54

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-A real estate agent surmises that the median rent for a studio apartment in a mountain community in Colorado is less than $1100\$ 1100 per month. The rents for a random sample of 15 studio apartments are listed below. Find the test statistic x to test the agent's hypothesis. Use α=0.01\alpha = 0.01 .
$1400$1350$800$975$835$1850$1275$770$1490$2100$1095$1100$1175$1100$880\begin{array} { l l l l l } \$ 1400 & \$ 1350 & \$ 800 & \$ 975 & \$ 835 \\ \$ 1850 & \$ 1275 & \$ 770 & \$ 1490 & \$ 2100 \\ \$ 1095 & \$ 1100 & \$ 1175 & \$ 1100 & \$ 880 \end{array}


A) 6
B) 7
C) 13
D) 1

Correct Answer:

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