Question

Your local newspaper contains a large number of advertisements for unfurnished one-bedroom apartments. You choose 10 at random and calculate that their mean monthly rent is $540 and that the standard deviation of their rents is $80. a. What is the standard error of the mean? b. What are the degrees of freedom for a one-sample t statistic?

Answer 1

A) the standard of error would be that all the apartment costs would have a plus/minus of $80 so therefore the data received would be inaccurate.