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Business, 21.03.2020 09:56 webbskyler

How much rent? A housing official in a certain city claims that the mean monthly rent for apartments in the city is more than $1000. To verify this claim, a simple random sample of 40 renters in the city was taken, and the sample mean rent paid was $1100 with a sample standard deviation of $300. Can you conclude that the mean monthly rent in the city is greater than $1000?

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