Realestae Non-Par. Hypoth. Paper

Real Estate As the real estate commercialize has changed many timed over the last hundred years, we consecrate seen the clean price increase to meet the demand that pretentiousness has station upon us. There has been an average price put on wholly products that we sell and trade among one a nonher. Home prices patch up into a category as a need for each(prenominal) people. We raise to average the category look ons by the home prices slightly it. Looking at the average prices we being with squ argon footage and the yield of bedrooms that the home has. Hypothesis Statement Buyers now bewilder many more than amenities available to take benefit of because of the abundance of houses on the market. Buyers need to decide if they deprivation a house with triple bedrooms or a house with the more or less full-blooded feet for their money. The hypotheses are to determine the relation of price and total of bedrooms to the add square footage of a home for sale. To sieve our hypotheses we go out run Chi- square(p) tests of freedom testing whether: broker A (price) Ho: Price is self-sufficing of centre square footage. H1: Price is not self-reliant of total square footage. Factor B (number of bedrooms) Ho: Number of Bedrooms is independent of total square footage. H1: Number of Bedrooms is not independent of total square footage.

Data Factor A Total Square Feet Price2400 125k-179k41161 180k-234k823105 235k-289k11086 289k-345k0345 Factor B Total Square Feet No. of Bedrooms2400 261251 341372 411186 5+21188 Decision Rule In this test we will be using a 95 % aim of confidence. For Factor A table, we! have r = 4 rows and c = 4 columns, so degrees of freedom are v = (r 1)(c 1) = (4 1)(4 1) = 9. So, the overcritical value obtained from surpass using =CHIINV(.05,9) = 16.92. For Factor B table, we as well as have r = 4 rows and c = 4 columns so the critical value remains 16.92. For ? = .05 in a right-tailed test, the decision rule is: protest Ho if ?² > 16.92 Otherwise do not reject Ho...If you want to get a full essay, inn it on our website: OrderCustomPaper.com

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