Question: It is known from previous studies that the standard deviation for the cost of rent in Hyrule City is $235.00 per month. In order to

It is known from previous studies that the standard deviation for the cost of rent in Hyrule City is $235.00 per month. In order to determine the average rent per month in Hyrule City you survey 25 apartments and find a sample average of $1,123.00 per month. (5 marks, Answer on page 1) a. Determine the best point estimate for the average rent in Hyrule City. b. Construct a confidence interval for the average rent in Hyrule City with a 90% degree of confidence.

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