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Choose the One Alternative That Best Completes the Statement or Answers

Question 14

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-A real estate agent surmises that the median rent for a studio apartment in a mountain community in Colorado is less than $2000\$ 2000 per month. The rents for a random sample of 15 studio apartments are listed below. Find the critical value to test the agent's hypothesis. Use α=0.01\alpha = 0.01 .
$2300$2250$1700$1875$1735$2750$2175$1670$2390$3000$1995$2000$2075$2000$1780\begin{array} { l l l l l } \$ 2300 & \$ 2250 & \$ 1700 & \$ 1875 & \$ 1735 \\ \$ 2750 & \$ 2175 & \$ 1670 & \$ 2390 & \$ 3000 \\ \$ 1995 & \$ 2000 & \$ 2075 & \$ 2000 & \$ 1780 \end{array}


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

Correct Answer:

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