A real estate research firm monitors the cost of apartment rentals in a large Newfoundland city. The mean rental rate for a two bedroom apartment in mid-2010 was $850.00 per month. A recent random sample of 64 two bedroom apartments showed a mean rental rate of $909.25 per month. Does the recent sample allow the research firm to conclude that the mean apartment rental now exceeds $850 per month? Formulate and test the appropriate hypothesis using the p-vue approach. What is the p-value for the test? Should the research firm reject the null hypothesis at 0.025? What conclusion should they make?