A random sample of 10 one-bedroom apartments from your local newspaper has these monthly rents (dollars).

600, 665, 535, 330, 420, 480, 695, 540, 370, 410

Assume these monthly rents are normally distributed. Do these data give good reason to believe that the mean rent of all advertised apartments is greater than $500 per month?

Question

Geovanni Morse

Mathematics

13 August, 02:19

A random sample of 10 one-bedroom apartments from your local newspaper has these monthly rents (dollars).

600, 665, 535, 330, 420, 480, 695, 540, 370, 410

Assume these monthly rents are normally distributed. Do these data give good reason to believe that the mean rent of all advertised apartments is greater than $500 per month?

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Answers (1)

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Alisa Rasmussen · Answer 1

Step-by-step explanation:

In order to find the mean, add the 10 numbers and then divide by 10. Which results in 504.5, thus greater than the advertised $500 per month.