You will be demonstrating your proficiency in the following competencies through this assignment:
To address research issues, you can use statistical methods
To solve a real problem, you can perform hypothesis testing
You will use inference methods to test your hypotheses on the market for housing sales for one region in the United States. Use appropriate sampling methods and statistical techniques.
Southern New Hampshire University
Research: Comparison of Regional and National Housing Price
Questions and type of test: The sample, two hypotheses which can be addressed include: Hypothesis 1: is the price of housing in the area lower than the average national market price? Hypothesis 2: How is the area of homes in that area different than what you would find in a typical market across the country? One-Tailed Test and the Two-Tailed Test are the best types of tests to verify the hypothesis.
Question for hypotheses oneHypothesis: Housing price is the variable. The population variables parameters are average and variation. It costs an average $193.831.0996 to buy a house. $139950 is the most popular price for a house. Average is $175275. Regional housing prices are lower than the average national cost. The average national housing cost is greater, but regional homes are generally less expensive ….
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