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QUESTION
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...
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. A random sample of 149 units showed 5 rented for exactly $1,200 a month, and 98 rented for more than $1,200. At the 0.025 level can we conclude that the median rental is more than $1,200?
