A real estate agent surmises that the median rent for a one-bedroom apartment in a beach community in southern California is at least $1300 per month. The rents for a random sample of 15 one-bedroom apartments
Are listed below. Find the critical value to test the agentʹs claim. Use $$\alpha = 0.01$$ . $$\begin{array} { l l l l l }
\$ 1600 & \$ 1550 & \$ 1000 & \$ 1175 & \$ 1035 \
\$ 2050 & \$ 1475 & \$ 970 & \$ 1690 & \$ 2300 \
\$ 1295 & \$ 1300 & \$ 1375 & \$ 1300 & \$ 1080
\end{array}$$
A)1
B)2
C)3
D)4

Question

A real estate agent surmises that the median rent for a one-bedroom apartment in a beach community in southern California is at least $1300 per month. The rents for a random sample of 15 one-bedroom apartments
Are listed below. Find the critical value to test the agentʹs claim. Use $$\alpha = 0.01$$ . $$\begin{array} { l l l l l } 
\$ 1600 & \$ 1550 & \$ 1000 & \$ 1175 & \$ 1035 \
\$ 2050 & \$ 1475 & \$ 970 & \$ 1690 & \$ 2300 \
\$ 1295 & \$ 1300 & \$ 1375 & \$ 1300 & \$ 1080
\end{array}$$
A)1
B)2
C)3
D)4

Quizplus · Accepted Answer

The critical value for a one-tailed test with $\alpha = 0.01$ and 14 degrees of freedom is 2.626.

A Real Estate Agent Surmises That the Median Rent for a One-Bedroom