The average monthly rent for one-bedroom apartments in Chattanooga has been $700. Because of the downturn in the real estate mar
ket, it is believed that there has been a decrease in the average rental. The correct hypotheses to be tested are:
1 answer:
Answer:
y>700 and 700>y>0
Explanation:
Though there is not so much information, but the fact that $700 is an average. We can work with two hypothesis at first, he first Hypothesis before the downturn the rent are over $700. And the second one, the bedroom rent are under $700.
1) Graphically, the shaded area before the downturn, represents the set of values for Rents greater than $700. So, rent (y) > 700
2) Graphically, the shaded area after the downturn, represents the set of values for Rents lesser than $700. So, rent 700 <y<0
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