[Solution] 2.c. On the basis of your work in Parts 1.a and 1.b, you suspect that monthly rents in this area may be higher than the FMR of $692. State
Question: 2.c. On the basis of your work in Parts 1.a and 1.b, you suspect that monthly rents in this area may be higher than the FMR of $692.
State your hypothesis and test it at a 5% level of significance.
Show your work for this test, state your conclusion, and explain your answer.
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