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Mathematics, 11.03.2021 19:00 kargarzadehsm

Last year the mean cost μ for a one-bedroom rental in a certain city was $1,200 per month. Eli is looking for a one-bedroom apartment and is investigating whether the mean cost is less now than what it was last year. A random sample of apartments had a sample mean x¯ of $1,180 per month. Assuming all conditions for inference are met, Eli will conduct a hypothesis test as part of his investigation.

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Last year the mean cost μ for a one-bedroom rental in a certain city was $1,200 per month. Eli is lo...
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