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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Foreign Investment

Investment by individuals, companies, or governments in businesses or assets located in another country.

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The increase in the production of goods and services in an economy over a period of time, typically measured by the rise in GDP.

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Is the practical application of scientific principles.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness.