Solved: Find the sample mean-studio apartment in nyc, Basic Statistics

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Find the sample mean-studio apartment in nyc

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Q: The average monthly cot for a studio apartment in NYC is reported to be $1,000. You want to prove that average monthly rent is not what is stated. You collect a random sample of 25 rents in all areas and find that the sample mean is $961 and the sample standard deviation is $110. Can you disprove the claim at the α= .05 level if normality is assumed?

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Basic Statistics: Find the sample mean-studio apartment in nyc

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Basic Statistics: Find the sample mean-studio apartment in nyc

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