Asked by Keith
A rental agency claims that the average rent that small-business establishments pay in Suvacity is $800. A sample of 10
establishments shows an average rate of $863. The standard deviation of the sample is $20. At α = 0.05,is there enough evidence to reject the agencies
claim? Assume that the population is approximately normally distributed.
establishments shows an average rate of $863. The standard deviation of the sample is $20. At α = 0.05,is there enough evidence to reject the agencies
claim? Assume that the population is approximately normally distributed.
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