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

Question 5

Multiple Choice

A real estate agent surmises that the median rent for a one-bedroom apartment in a beach community in southern California is at least $1300 per month. The rents for a random sample of 15 one-bedroom apartments
Are listed below. Find the critical value to test the agentʹs claim. Use α=0.01\alpha = 0.01 . $1600$1550$1000$1175$1035$2050$1475$970$1690$2300$1295$1300$1375$1300$1080\begin{array} { l l l l l } \$ 1600 & \$ 1550 & \$ 1000 & \$ 1175 & \$ 1035 \\\$ 2050 & \$ 1475 & \$ 970 & \$ 1690 & \$ 2300 \\\$ 1295 & \$ 1300 & \$ 1375 & \$ 1300 & \$ 1080\end{array}


A) 1
B) 2
C) 3
D) 4

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