(e)Test at the 5% level for a positive correlation between house value and rental amount.Specifically, do the following:

(i)Set up the appropriate null and alternative hypotheses.

(ii)Verify that the assumptions necessary to apply the test are satisfied.

(iii)What is the test statistic and what is the p-value?

(iv)State your conclusion.

Table: Data of House Value versus Rental mm mm mm mm m m 104000 7904 125000 7904 m m 35000 7488 - 7488 148000 8320 170000 12688 190000 8320 200000 8320 225000 12480 244500 11232 300000 12480