Chapter 11 16. Sign test. A real estate agent surmises that the median rent for a one-bedroom apartment in a beach commu
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Chapter 11 16. Sign test. A real estate agent surmises that the median rent for a one-bedroom apartment in a beach commu
Chapter 11 16. Sign test. A real estate agent surmises that the median rent for a one-bedroom apartment in a beach community in southern California is at least $1500 per month. The rents for a random sample of 15 one-bedroom apartments are listed in Table 7. Test the agent's claim at a = 0.01. Table 7. Rents Rents (dollars) 1750 1200 1375 1800 1235 2250 1675 1170 1890 2500 1495 1500 1575 1500 1280
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