a. State the hypotheses and identify the claim.

b. find the critical value.

c. compute the test value.

d. make the decision.

e. summarize the results.

Cushman and Wakefield reported that the average annual rent for office space in Tampa was $17.63 per square foot. A real estate agent selected a random sample of 15 rental properties ( offices) and found the mean rent was $18.72 per square foot, and the standard deviation was $3.64. At a=0.05, test the claim that there is no difference in the rents.

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## This question was asked on Apr 19, 2010 and answered on Apr 19, 2010.

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