A rental agent claims that the mean monthly rent, for apartments on the east side of town is less than s725. A random sample of , monthly rents for apartments on the east side has a mean of $722, with...

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Extracted text: A rental agent claims that the mean monthly rent, for apartments on the east side of town is less than s725. A random sample of , monthly rents for apartments on the east side has a mean of $722, with a standard deviation of $18. If we assume that the monthly rents for apartments on the east side are normally distributed, is there enough evidence to conclude, at the o0.1 level of significance, that is less than s725? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers as specified in the table. (If necessary, consult a list of formulas.) (a) State the null hypothesis H, and the alternative hypothesis H1. Ho :0 (b) Determine the type of test statistic to use. (Choose one) OSO (c) Find the value of the test statistic. (Round to three or more decimal places.) O