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    H0, H1, Decision Rule and Decision

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    The South Carolina Real Estate Association claims that the median rental for three-bedroom condominiums in a metropolitan area is more than $1,200 a month. To check this, a random sample of 149 units was selected. Of the 149, 5 rented for exactly $1,200 a month, and 75 rented for more than $1,200. At the .05 level can we conclude that the median rental is more than $1,200?

    a. State H0 and H1.
    b. Give the decision rule.
    c. Do the necessary calculations, and arrive at a decision.

    See attached file for full problem description.

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    https://brainmass.com/statistics/central-tendency/h0-h1-decision-rule-decision-98587

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    Exercise 32
    The South Carolina Real Estate Association claims that the median rental for three-bedroom condominiums in a metropolitan area is more than $1,200 a ...

    Solution Summary

    Word document attached with the necessary calculations to make a decision on whether median rental in an area of Carolina is more than $1200.

    $2.19

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