FORESTRY
AGRICULTURAL STATISTICS AND ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The mean monthly rent for one bedroom apartments in college towns around Michigan is $900. A future student group thinks that the rent is actually higher than the claim. To help them budget, the students determine the mean monthly rent of 200 different one bedroom apartments from around Michigan. State the null and alternative hypothesis for this test.
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Explanation:
Detailed explanation-1: -Answer and Explanation: The correct statement is option a. The population proportion is equal to 0.60. The null hypothesis is a type of hypothesis that states that there is no significant difference between the population parameter and the sample statistic.
Detailed explanation-2: -The significance level for a given hypothesis test is a value for which a P-value less than or equal to is considered statistically significant. Typical values for are 0.1, 0.05, and 0.01. These values correspond to the probability of observing such an extreme value by chance.
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