( Home prices confidence interval two sided hypothesis test ) The file Home data Stockton xls contains the data you will be using for this exercise It is a random sample of 2,610 homes sold in Stockton, CA, between the years 1996 and 1998 This file is in Excel format ( xls ) There is a data dictionary (in pdf format) that accompanies the dataset Both the dataset and the data dictionary are posted on Blackboard Using the sample data, construct an 87 confidence interval for the population mean of house prices in Stockton (CA) between the years 1996 and 1998 Your friend claims that the population mean for house prices in Stockton (CA) between the years 1996 and 1998 was $124,500 Using both the t stat method and the p value method, do you statistically reject or fail to reject your friend's null hypothesis at the 4 significance level Link for data https docs google com spreadsheets d 1Clv7WUsN2mqgLSRF1R66z0KDTkOup3uOBrj1dN2SCaI edit usp sharing

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Question: ( Home prices & confidence interval & two-sided hypothesis test ) The file Home data - Stockton.xls contains the data you will be

(Home prices & confidence interval & two-sided hypothesis test) The file "Home data - Stockton.xls" contains the data you will be using for this exercise. It is a random sample of 2,610 homes sold in Stockton, CA, between the years 1996 and 1998. This file is in Excel format (".xls"). There is a "data dictionary" (in pdf format) that accompanies the dataset. Both the dataset and the data dictionary are posted on Blackboard.

Using the sample data, construct an 87% confidence interval for the population mean of house prices in Stockton (CA) between the years 1996 and 1998.
Your friend claims that the population mean for house prices in Stockton (CA) between the years 1996 and 1998 was $124,500. Using both the t-stat method and the p-value method, do you statistically "reject" or "fail to reject" your friend's null hypothesis at the 4% significance level?

Link for data https://docs.google.com/spreadsheets/d/1Clv7WUsN2mqgLSRF1R66z0KDTkOup3uOBrj1dN2SCaI/edit?usp=sharing

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