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Hypothesis Statement Formation: Case Study

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Based on the attached data set information, it is required to form a hypothesis statement as outlined below. Thank you in advance for your help!

1. What data are you going to use? What sections of the data set are you going to use? Make sure it is ratio or interval numerical data you are going to use.

2. What is your research hypothesis statement; provide both numerical and verbal hypothesis statement.

Perform the 5-step hypothesis test on the data.

Legend for attached data set:

X1: Selling price in dollars
X2: Selling price in thousands of dollars
X3: Age of buyer
X4: 0=Domestic, 1=Imported
80 Autos Sold

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1. What data are you going to use? What sections of the data set are you going to use? Make sure it is ratio or interval numerical data you are going to use.

I would use only two sets of data, X1 as the dependent variable and X3 as the independent variable. This is because the data for variable X2 is redundant and X4 is ...

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