4. Mendeley needs $105,800 to remodel his home. Find the face value of a simple...
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4. Mendeley needs $105,800 to remodel his home. Find the face value of a simple discount note that will provide the $105,800 in proceeds if he plans to repay the note in 120 days and the bank charges 7% discount rate. (2 Marks) A researcher would like to test the hypothesis that the average monthly rent for a one-bedroom apartment in Bukit Raja Klang is different from the average rent of a one-bedroom apartment in Bukit Damansara. The following data summarizes the sample statistics for one-bedroom apartment rents for both locations. Assume that the population variances are equal. Test the researcher's claim using =0.05 that the average monthly rent for a one-bedroom apartment in Bukit Raja Klang is different from the average rent of a one-bedroom apartment in Bukit Damansara. Answer the following questions. a. Identify the claim and state the H0 and H1. (1 Mark) b. Find the critical value. c. Calculate the test statistic. (1 Mark) d. Make a decision to reject or fail to reject the H0. (1 Mark) e. Interpret the decision in the context of the original claim. (1 Mark)
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