A rental agency claims that the avg. rent that small business establishments pay in Cedar Rapids is


Question: A rental agency claims that the avg. rent that small business establishments pay in Cedar Rapids is $800 per month. A sample of 10 such establishments shows an avg. rental rate of $863, with a std. dev. of $20. At \(\alpha \) =0.05, is there sufficient evidence to reject the agency's claim?

Price: $2.99
Solution: The solution consists of 1 page
Deliverables: Word Document

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