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    Hypotheis Test on Real Estate Data

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    Perform a five-step hypothesis test:

    H0: The average price of a large home a(bove two-thousand square feet) is equal to the average price of a small home (below two-thousand square feet).

    H1: The larger the home the higher the price

    [Please refer to the attachment for the Real Estate Data].

    See the attached file.

    © BrainMass Inc. brainmass.com June 4, 2020, 12:28 am ad1c9bdddf
    https://brainmass.com/statistics/nonparametric-tests/hypotheis-test-real-estate-data-341012

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    Solution Summary

    The solution provides step-by-step method of performing a two-tailed hypothesis test on real estate data. All the steps of hypothesis testing (formulation of null and alternate hypotheses, selection of significance level, choosing the appropriate test-statistic, decision rule, calculation of test-statistic and conclusion) have been explained and the statistical analysis has been shown in details. The calculations have also been shown in EXCEL for better understanding.

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