Hypothesis Testing for Regional Real Estate Company 1
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Hypothesis Testing for Regional Real Estate Company
[Your Name]
Southern New Hampshire University
Hypothesis Testing for Regional Real Estate Company 2
Introduction
[Describe the purpose of this analysis. Briefly describe how you generated your random sample
of 750 houses.]
Hypothesis Test Setup
[Define your population parameter.]
[Write the null and alternative hypotheses.]
[Specify the name of the test you will use and identify whether it is a left-tailed, right-tailed, or
two-tailed test.]
Data Analysis Preparations
[Provide the descriptive statistics of the sample (sample size, mean, median, and standard
deviation).]
[Provide a histogram of the sample.]
[Summarize your sample by writing a sentence describing the shape, center, and spread of your
sample.]
[Check whether the assumptions to perform your identified test have been met.]
[Identify the test significance level. For example, α = .05]
Calculations
[Calculate the sample mean and standard error.]
[Determine the appropriate test statistic, then calculate the test statistic. Note: This calculation is
(mean – target)/standard error. In this case, the mean is your regional mean (Pacific), and the
target is 280.]
[Calculate the p value using one of the following tests:]
Hypothesis Testing for Regional Real Estate Company 3
Excel Function Type of Test
=T.DIST.RT([test statistic], [degree of freedom]) Right-tailed
=T.DIST([test statistic], [degree of freedom], 1) Left-tailed
=T.DIST.2T([test statistic], [degree of freedom]) Two-tailed
[Note: The degree of freedom is calculated by subtracting 1 from your sample size.]
[Use the normal curve graph as a reference to describe where the p value and test statistic would
be placed.]
Test Decision
[Compare the relationship between the p value and significance level.]
[Decide to reject or fail to reject the null hypothesis.]
Conclusion
[Explain in one paragraph how your test decision relates to your hypothesis and whether your
conclusions are statistically significant.]
