Share
Explore BrainMass

Analysis of variance of real estate data

Details: Refer to the Real Estate data, which reports information on homes sold in the Denver Colorado Area last year.

a. At the .02 significance level, is there a difference in the variability of the selling prices of the homes that have a pool versus those that do not have a pool?

b. At the .02 significance level, is there a difference in the variability of the selling prices of the homes with an attached garage versus those that do not have attached garage.

c. At the .05 significance level, is there a difference in the mean selling price of the homes among the five townships.

THE DATA IS ATTACHED.

Attachments

Solution Preview

Details: Refer to the Real Estate data, which reports information on homes sold in the Denver Colorado Area last year.

a. At the .02 significance level, is there a difference in the variability of the selling prices of the homes that have a pool versus those that do not have a pool?

Ans.
Here the null hypothesis tested
H0: There is no significant difference in the variability of the selling prices of the homes that have a pool versus those that do not have a pool.

Rejection criteria: Reject the null hypothesis if the calculated value of F is greater than critical value of F
F-Test Two-Sample for Variances
Price (Pool =0) Price (Pool ...

Solution Summary

The solution gives the step by step procedure for the ANOVA for real estate data.

$2.19