• According to the data that thereal-estate investorscollected, the mean individual apartment price within a 41-kilometer (about 25 miles) radius of the Central Business District of Melbourne is $453,993.94. You are going to use a hypothesis test to determine whether the true mean apartment price is higher than $453,993.94. Assume that apartment prices are normally distributed.
• The null and alternative hypotheses are as follows:
• H0: =$453,993.94
• HA: >$453,993.94
• Useyoursample of n = 300 and yourmeanof $606,424.1667 to conduct a hypothesis test using a 5% level of significance to determine if the mean apartment price is more than $453,993.94.