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Spring_Valley AU_Park 1375 ...

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Question

Basic Math

Spring_Valley  AU_Park1375      9101399      9351450      11601270      800970       9101350      1020925       1020875       8601000      8501120      8731130      13001200      1100830       7951300      12201220      985925       1060885       10401560       9251380      14501250      1350900       1280900       11601150       9751440       950930       795

A) Calculate the summary statistics for both SpringValley and AU Park. Enter the values that you calculate into thetable below. Report the values to 2 decimal places.

Summary Statistics:

Column

n

Mean

Std.dev.

Median

Spring Valley

AU Park

B) What can you infer about the shape of thedistribution of Spring Valley house prices by looking at thesummary statistics you calculated in part c.

C) is there a difference in house prices in SpringValley versus AU Park at ? = 0.05.

(i) State the hypothesis that you want totest.

(ii) Record the value of the test statistic and itsp-value.

(iii) What do you conclude for the test at ? =0.05?

D) Compute a 95% confidence interval for the differencein the mean house prices between Spring Valley and AU Park.Interpret your interval.

Answer & Explanation Solved by verified expert
3.9 Ratings (466 Votes)
A Calculate the summary statistics for both SpringValley and AU Park Enter the values that you calculate into thetable below Report the values to 2 decimal placesPut the data in excel and find the values as    See Answer
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