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Five years ago, the average apartment rent in southwest Virginia was $895 per month. A recent...

Five years ago, the average apartment rent in southwest Virginia was $895 per month. A recent study of 180 randomly selected apartments found that the average rent was $915, with a standard deviation of $227.50. Do the data enable us to conclude that rents have increased? The computed test statistic

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Now, the value of test static can be found out by following formula:

orchestra answered 2 years ago
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