question 9
Question 1: You want to rent an unfurnished one-bedroom apartment for next semester. The mean monthly rent for a random sample of 10 apartments advertised in the local newspaper is $640. Assume that the standard deviation is $90. Find a 95% confidence interval for the mean monthly rent of an apartment.
· What are the null hypothesis and the alternative hypothesis?
· Should the office building purchase the new brand of florescent bulbs? (i.e. test your hypothesis using a z-test)