Explore BrainMass

Explore BrainMass

    Hypotheis Test on Real Estate Data

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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 December 24, 2021, 9:04 pm ad1c9bdddf


    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.