Find the sample mean and sample standard deviation

Reference no: EM1321153

Question: The average monthly cot for a studio apartment in NYC is reported to be USD 1,000. You want to prove that average monthly rent is not what is stated. You collect a random sample of 25 rents in all areas & find that the sample mean is USD 961 & the sample standard deviation is USD 110. Can you disprove the claim at the α = .05 level if normality is assumed?

Reference no: EM1321153

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