The commerce department in a California County claims that the mean rental for a 3 room apartment is $850. A real estate company believes the commerce department's claim is not correct and randomly surveys 144 apartment dwellers and finds that their average rental is $878, with a standard deviation of $85. Do the sample data support the commerce department's claim? Alpha=5%
STATE EACH OF THE FOLLOWING:
a) The null hypothesis
b) The alternative hypothesis
c) The significance level
d) The SEMEAN
e) The test statistic
f) The p-value
g) The conclusion
h) Answer the question and interpret your result.