The North Valley Real Estate data report information on homes on the market. a. Use an appropriate
Question:
The North Valley Real Estate data report information on homes on the market.
a. Use an appropriate nonparametric test to determine whether there is a difference in the typical selling price of the homes in the several townships. Assume the selling prices are not normally distributed. Use the .05 significance level.
b. Combine the homes with six or more bedrooms into one group and determine whether there is a difference according to the number of bedrooms in the typical selling prices of the homes. Use the .05 significance level and assume the distribution of selling prices is not normally distributed.
c. Compare the distribution of FICO scores for fixed and variable mortgages. FICO scores are people's credit rating. Higher ratings indicate better credit. Can we conclude there is a difference in the distributions of FICO scores based on the type of mortgage? Use the .05 significance level.
Data From North Valley Real Estate:
Step by Step Answer:
a H o There is no difference in the distributions of the selling prices in the five townships H 1 Th...View the full answer
Statistical Techniques In Business And Economics
ISBN: 9781260239478
18th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen
