The mean rent price for condo in Florida is $ 580, therefore the Null Hypothesis (Hypothesized Test Value) is: Population mean-580. We want to know whether the mean rent price in Orlando is the same as the rest of Florida A random sample of 60 condos rented in Orlando was taken. The mean was $ 600. The assumption here is that the standard deviation of the population is known and is $ 60. Answer the following question. EXHIBIT 5 Hypothesis Test about a Population Mean: Sigma Known Case Sample Size 60 Sample Mean 600 Population Standard Deviation 60 Hypothesized Test Value 580 Standard Error 7.746 Test Statistic z 2.582 Alpha 0.05 Critical Value (two tgil) 1.000 Standard Error 7.746 Test Statistic z 2.582 Alpha 0.05 Critical Value (two tail) + or - 1.960 P-value (Lower Tail) Na P-value (Upper Tail) Na P-value (Two tail) 0.009823 According to EXHIBIT 5 Using a level of significance of 0.05 build a two-tailed confidence interval 584.8 to 615.18 485 to 517 485 to 515 483 to 515