Choose the One Alternative That Best Completes the Statement or Answers

question 54

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-A real estate agent surmises that the median rent for a studio apartment in a mountain community in Colorado is less than $\$ 1100$ per month. The rents for a random sample of 15 studio apartments are listed below. Find the test statistic x to test the agent's hypothesis. Use $\alpha = 0.01$ .
$\begin{array} { l l l l l } \$ 1400 & \$ 1350 & \$ 800 & \$ 975 & \$ 835 \\ \$ 1850 & \$ 1275 & \$ 770 & \$ 1490 & \$ 2100 \\ \$ 1095 & \$ 1100 & \$ 1175 & \$ 1100 & \$ 880 \end{array}$

• A) 6
• B) 7
• C) 13
• D) 1

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Definitions:

Illegal Drugs

Substances whose production, sale, or possession is prohibited by law due to their potential for abuse and harm.

Social Dimensions

Aspects or features of social life and interactions, including cultural, economic, and political facets.

Socioeconomic Status

A measure of an individual's or family's economic and social position relative to others, based on income, education, and occupation.

Popular Drug

A substance, legal or illegal, that is widely used or accepted within a culture or society for its psychoactive effects, often referring to medications or recreational drugs.