Question: Pat wants to compare the cost of one and two-bedroom apartments in the area of her college campus.She collects data for a random sample of 10 advertisements of each type. Here are the rents

(in dollars per month):

One-bedroom: 500 650 600 505 450 550 515 495 650 395

Two-bedroom: 595 500 580 650 675 675 750 500 495 670

Pat wonders if two-bedroom apartments rent for significantly more, on average, than one-bedroom apartments. She decides to perform a test of H0: u1=u2 versus Ha:u1

1. Name the appropriate test and show that the conditions for carrying out this test are met.
2. The appropriate test from part a yields a P-value of 0.058. Interpret this P-value in context
3. What conclusion should Pat draw at the α = 0.05 significance level? Explain.

Price: $2.99

Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document