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The commerce department in California County claims that mean rental for a three room apartment is $850. A real estate company thinks the commerce department's claim isn't correct and randomly surveys 144 apartment dwellers and finds out that their average rental is $878, with 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 standard error mean

e) The test statistic

f) The p-value

g) The conclusion

h) Answer the question and interpret your result

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Category:- Statistics and Probability
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