Essay
A radio talk show host in Brockdale has complained that the average monthly rent for an efficiency apartment in that city is $600 or more. The Brockdale Landlords Association (BLA) believes that this claim is an exaggeration. BLA takes a random sample of 100 efficiency apartments in the city, inquiring about the monthly rent charged for each. The mean rent for the 100-apartment sample is $592. Conduct a hypothesis test with = .05 and draw your conclusion using the p-value approach. (Assume the standard deviation for all efficiency apartment rents in this city is known to be about $52.)
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z = -1.54 > -1.645 a...View Answer
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