Question

In: Statistics and Probability

Use the given claim and test statistic to find the P-value. Claim: The mean monthly rental...

Use the given claim and test statistic to find the P-value.

Claim: The mean monthly rental for a studio in one city is $870.

Test statistic: z = -0.76

0.5528

0.7764

0.2236

0.4472

Solutions

Expert Solution

For give claim and test statistics, the p-value is 0.2236. using statistical table we can find the value. statistical table is given below:

The test statistic = -0.76. Hence corresponding row and columns gives the p-value


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