Monthly Rents Were Recorded for a Sample of 36 Apartments

Short Answer

Monthly rents were recorded for a sample of 36 apartments in a certain city. The results were as follows. $$\begin{array} { r r r r r r } 880 & 1,190 & 960 & 1,170 & 1,040 & 1,050 \\1,310 & 990 & 1,070 & 930 & 1,010 & 1,020 \\1,300 & 910 & 1,340 & 930 & 960 & 850 \\1,340 & 1,230 & 1,020 & 1,080 & 1,050 & 950 \\880 & 1,230 & 900 & 860 & 1,060 & 1,320 \\930 & 860 & 940 & 1,160 & 900 & 940\end{array}$$ Can you conclude that the median rent is less than $1,100 per month? Use the $\alpha = 0.05$ level of significance.
a. State appropriate null and alternate hypotheses.
b. Compute the test statistic.
c. Find the critical value.
d. State a conclusion.