Refer to the Real Estate data, which report information on the homes sold in Goodyear, Arizona, last
Question:
Refer to the Real Estate data, which report information on the homes sold in Goodyear, Arizona, last year.
a. At the .05 significance level, can we conclude that there is a difference in the mean selling price of homes with a pool and homes without a pool?
b. At the .05 significance level, can we conclude that there is a difference in the mean selling price of homes with an attached garage and homes without an attached garage?
c. At the .05 significance level, can we conclude that there is a difference in the mean selling price of homes in Township 1 and Township 2?
d. Find the median selling price of the homes, Divide the homes into two groups, those that sold for more than (or equal to) the median price and those that sold for less. Is there a difference in the proportion of homes with a pool for those that sold at or above the’ median price versus those that sold for less than the median price? Use the .05 significance level.
e. Write a summary report on your findings to parts (a), (b), (c), and (d). Address the report to all real estate agents who sell property in Goodyear.
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal