Professional Documents
Culture Documents
Q.4) Reis, Inc., a New York real estate research firm, tracks the cost of apartment rentals in the United States. In mid-
2017, the nationwide mean apartment rental rate was $895 per month. Assume that, based on the historical quarterly
surveys, a population standard deviation of σ = $225 is reasonable. Do the sample data enable Reis to conclude that
the population mean apartment rental rate now exceeds the level reported in2017?
Women 125.98 45.53 56.35 80.62 46.37 44.34 75.21 68.48 85.84 126.11
Q.6) Cost accountants often estimate overhead based on the level of production. At the Standard Knitting Co. they
have collected information on overhead expenses and units produced at different plants. Predict overhead when 50
units are produced.