A Real Estate Agent Surmises That the Median Rent for a One-Bedroom

question 59

Multiple Choice

A real estate agent surmises that the median rent for a one-bedroom apartment in a beach community in southern California is at least $1700 per month. The rents for a random sample of 15 one-bedroom apartments
Are listed below. Find the test statistic x to test the agentʹs claim. $$\begin{array} { l l l l l } \$ 2000 & \$ 1950 & \$ 1400 & \$ 1575 & \$ 1435 \\\$ 2450 & \$ 1875 & \$ 1370 & \$ 2090 & \$ 2700 \\\$ 1695 & \$ 1700 & \$ 1775 & \$ 1700 & \$ 1480\end{array}$$

• A)6
• B)7
• C)13
• D)1

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Definitions:

Replication

The process of repeating a study or experiment to verify its results.

Random Samples

A subset of a population chosen in such a way that every member has an equal chance of being selected, ensuring unbiased representation.

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