Question: Hello. Could you please help me with this practice homework I was not present for this 4. ( SHOW WORK AND CLEARLY STATE THE ANSWER)

Hello. Could you please help me with this practice homework I was not present for this

Hello. Could you please help me with this practice homework I was

4. ( SHOW WORK AND CLEARLY STATE THE ANSWER) The average monthly Chicago rent in April 2021 is $1862. A random sample of 30 homes in South Loop neighborhood of Chicago has a mean rent of $1960 and standard deviation $250. At a = 0.05 , can we conclude that the monthly rent in South Loop is more expensive than the city average? A) State what test are you using (is it one/two samples, z/t/Chi, one/two sided) B) State null and alternative hypothesis, C) Calculate the test statistics D) State your decision whether the null hypothesis should be rejected (show the inequality of the two values that made you arrive to this decision) O

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