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A rental agent claims that the mean monthly rent, , for apartments on the east side of town is less than $675 . A random sample of 18 monthly rents for apartments on the east side has a mean of $661, with a standard deviation of $24. If we assume that the monthly rents for apartments on the east side are normally distributed, is there enough evidence to conclude, at the .05 level of significance, that is less than $675 ?
Perform a one-tailed test.
Null Hypothesis =alternative hypothesis =test statisitc and degree of freedomvalue of test statisticp value
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