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 12 monthly rents for apartments on the east side has a mean of with a...

Please see the attached photo

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 12 monthly rents for apartments on the east side has a mean of with a standard deviation of $15. If we assume that $715, the monthly rents for apartments on the east side are normally distributed, is there enough evidence to conclude, at the o0os 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. H, :0 H, :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