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Write the Word or Phrase That Best Completes Each Statement $1400\$ 1400

Question 4

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Write the word or phrase that best completes each 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 $1400\$ 1400 per month. The rents for a random sample of 15 studio apartments are listed below. Test the agent's hypothesis. Use α=0.01\alpha = 0.01 .
$1700$1650$1100$1275$1135$2150$1575$1070$1790$2400$1395$1400$1475$1400$1180\begin{array} { l l l l l } \$ 1700 & \$ 1650 & \$ 1100 & \$ 1275 & \$ 1135 \\ \$ 2150 & \$ 1575 & \$ 1070 & \$ 1790 & \$ 2400 \\ \$ 1395 & \$ 1400 & \$ 1475 & \$ 1400 & \$ 1180 \end{array}

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