skip to Main Content

Scenario You have been hired by your regional real estate company to determine i

GET HELP WITH YOUR ESSAY

If you need assistance with writing your essay, our professional Essay Writing Service is here to help!

ORDER THIS PAPER NOW

Scenario
You have been hired by your regional real estate company to determine if your region’s housing prices and housing square footage are significantly different from those of the national market. The regional sales director has three questions that they want to see addressed in the report:
Are housing prices in your regional market higher than the national market average?
Is the square footage for homes in your region different than the average square footage for homes in the national market?
For your region, what is the range of values for the 95% confidence interval of square footage for homes in your market?
You are given a real estate data set that has houses listed for every county in the United States. In addition, you have been given national statistics and graphs that show the national averages for housing prices and square footage. Your job is to analyze the data, complete the statistical analyses, and provide a report to the regional sales director. You will do so by completing the Project Two Template located in the What to Submit area below.
Directions
Introduction
Purpose: What was the purpose of your analysis, and what is your approach?
Define a random sample and two hypotheses (means) to analyze.
Sample: Define your sample. Take a random sample of 100 observations for your region.
Describe what is included in your sample (i.e., states, region, years or months).
Questions and type of test: For your selected sample, define two hypothesis questions and the appropriate type of test hypothesis for each. Address the following for each hypothesis:
Describe the population parameter for the variable you are analyzing.
Describe your hypothesis in your own words.
Describe the inference test you will use.
Identify the test statistic.
Level of confidence: Discuss how you will use estimation and confidence intervals to help you solve the problem.
1-Tail Test
Hypothesis: Define your hypothesis.
Define the population parameter.
Write null (Ho) and alternative (Ha) hypotheses.
Specify your significance level.
Data analysis: Analyze the data and confirm assumptions have not been violated to complete this hypothesis test.
Summarize your sample data using appropriate graphical displays and summary statistics.
Provide at least one histogram of your sample data.
In a table, provide summary statistics including sample size, mean, median, and standard deviation.
Summarize your sample data, describing the center, spread, and shape in comparison to the national information.
Check the conditions.
Determine if the normal condition has been met.
Determine if there are any other conditions that you should check and whether they have been met.
Hypothesis test calculations: Complete hypothesis test calculations, providing the appropriate statistics and graphs.
Calculate the hypothesis statistics.
Determine the appropriate test statistic (t).
Calculate the probability (p value).
Interpretation: Interpret your hypothesis test results using the p value method to reject or not reject the null hypothesis.
Relate the p value and significance level.
Make the correct decision (reject or fail to reject).
Provide a conclusion in the context of your hypothesis.
2-Tail Test
Hypotheses: Define your hypothesis.
Define the population parameter.
Write null and alternative hypotheses.
State your significance level.
Data analysis: Analyze the data and confirm assumptions have not been violated to complete this hypothesis test.
Summarize your sample data using appropriate graphical displays and summary statistics.
Provide at least one histogram of your sample data.
In a table, provide summary statistics including sample size, mean, median, and standard deviation.
Summarize your sample data, describing the center, spread, and shape in comparison to the national information.
Check the assumptions.
Determine if the normal condition has been met.
Determine if there are any other conditions that should be checked on and whether they have been met.
Hypothesis test calculations: Complete hypothesis test calculations, providing the appropriate statistics and graphs.
Calculate the hypothesis statistics.
Determine the appropriate test statistic (t).
Determine the probability (p value).
Interpretation: Interpret your hypothesis test results using the p value method to reject or not reject the null hypothesis.
Relate the p value and significance level.
Make the correct decision (reject or fail to reject).
Provide a conclusion in the context of your hypothesis.
Comparison of the test results: See Question 3 from the Scenario section.
Calculate a 95% confidence interval. Show or describe your method of calculation.
Interpret a 95% confidence interval.
Final Conclusions
Summarize your findings: Refer back to the Introduction section above and summarize your findings of the sample you selected.
Discuss: Discuss whether you were surprised by the findings. Why or why not?

GET HELP WITH YOUR ESSAY

If you need assistance with writing your essay, our professional Essay Writing Service is here to help!

ORDER THIS PAPER NOW

Services

Muffin tiramisu gummi bears chupa chups sweet roll muffin oat cake lollipop sweet. Icing marshmallow muffin. Marshmallow dragée pudding sesame snaps muffin. Marshmallow chocolate cake pastry jelly-o macaroon. Chocolate bar donut powder wafer powder chocolate bar soufflé bear claw. Powder jujubes sweet bear claw brownie gummies pudding halvah liquorice. Marzipan fruitcake bonbon jelly-o cheesecake.

Essay Writing

The Essay help Student suffering from the stress of doing homework do not have to worry about their school homework now.

Homework Help

Do amazing work for top clients.Create your profile and… Today’s best jobs are moving online with freelancers.

Case Study

We do case study research in which detailed consideration is given to the development of a particular person group or

Term Paper

Students come across the challenge of drafting papers which demand in-depth understanding with respect to writing style that students often lack.

Critical Thinking

Objective analysis and evaluation of an issue in order to form a judgement. this is really difficult to enforce this skill among student.

Thesis Writing

Writing a thesis is the hardest task undertaken by a student. It requires intense attentiveness, patience, and sacrifice.

Dissertation Writing

We write Long Essay on a particular subject especially on written as a requirement for the Doctor of Philosophy degree.

Report Writing

With the help of PhD writers, students are really benefited to write custom research proposal, as this save their precious time.

The Team

Wondering who’s working behind the scenes of our professional essay writing service? We have over 700 amazing people on our team including developers, QA engineers, designers, managers, HR specialists, marketers, essay writers, and many more. See who takes care of the orders you place.

Super Writers

There are 400+ essay writers from all over the world on our team who go through a 3-step hiring process. We call them super-writers because most of them have master’s degrees; therefore, they know the ins and outs of the discipline in which they specialize.

Support Team

Our extra-fast and caring support assistants answer your questions 24/7 and resolve any of your troubles. Our team was even nominated for the 2019 Best Quality Management Team Award by the European Contact Centre & Customer Service.

Testimonials

Dessert dessert topping. Chocolate bar tootsie roll candy cotton candy cookie sweet bonbon lemon drops. Toffee dragée bonbon. Gingerbread soufflé sweet roll unerdwear.com cheesecake dragée gummies caramels.

Lollipop biscuit gummies cotton candy cheesecake. Jelly-o chocolate cake soufflé oat cake lemon drops muffin. Sesame snaps sweet roll croissant… Topping lollipop marshmallow sugar plum sweet roll muffin cookie!!!

Pudding muffin unerdwear.com caramels! Gummies jelly carrot cake cake cookie lollipop jelly-o chocolate cake cupcake. Carrot cake tiramisu macaroon bear claw tootsie roll sesame snaps toffee!

Contact Us

support@eliteacademicessays.com

    Back To Top