Answer Happy

Suppose an investor would like to know the average rent per room for all apts/houses for rent in Corvallis. The following data is the rent per room in Corvallis, OR. The data comes from a random sample of 44 listings from Craigslist and Zillow. The data is as follows: Advertised Rent Per Room in Corvallin Rube 500 000 700 300 900 1000 1100 1200 1300 1400 USD Describe. Fill in the multiple drop downs to describe the shape, center and spread of the distribution. Q. The advertised rent per room in Corvallisis skewed to the left is centered around $800 and ranges from Select) Q. The investors population of interest is Select Q. The variable rent per room is Select]

An investor would like to test whether the average rent per room advertised in Corvallis is different than $750 per month. The random sample of 44 has a sample mean of $804 and a sample standard deviation of $203. Hypotheses. For the question of interest, set up the appropriate null and alternative hypotheses using the multiple drop downs H: Select Select 1 Select ! H: Select Select) Select Conditions. In regards to the conditions for the test which of the following statements is FALSE? Statement A. The data come from a random sample. Statement B. The sample is skewed so the sample size is too small for the central limit theorem to kick in. Statement C. We don't know the population standard deviation, so we should use t procedures. Statement D. The sample size of 44 should be large enough for the Sampling Distribution to be Normal The false statement is Select Test Statistic. Calculate the appropriate test statistic. Test Stat - Select Confidence interval. Fill in the multiple drop downs for the Cl. Showing your work to set up the 95% CI for advertised rent per room Format: Estimate + Critical Value x Standard Error Select) Select 1 x Select)

Conclusion. Assume the p-value for the test is 0.0813, select the correct statement in terms of the alternative hypothesis. There is Select than $750. evidence the average advertised rent per room in Corvallis Oregon is different Given a significance level of 0.05, we Select] the null hypothesis.