Overview:
In this project, you will apply inference methods
for means to test your hypotheses about the housing sales market for a region
of the United States. You will use appropriate sampling and statistical methods.
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. I have provided the supporting
documents needed to assist in this as well. Please see parts 1 and 2 of thr rubric for assignment requirements.
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