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Topic: Business
Number of pages / Number of words: 5 / 1124
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Adam scoured the local on-line real estate listings (Officelist.com, 2007) and found that the mean price of leasing an accommodating office room in Sacramento area is at least $680 a month, and that the standard deviation of is $150. Adam believes he can afford to move out of his cramped office room in his home and into a new office space but feel, the mean of $680 is high...


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Adam believes he can afford to move out of his cramped office room in his home and into a new office space but feel, the mean of $680 is high. To verify this report, Adam collected the listings of 50 office spaces in Sacramento area and decided to use sample of 20. At the 0.05 significance level, Adam wants to determine if his experience is different from that claimed by specific on-line listings...


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