Competency
In this project, you will demonstrate your mastery of the following competency:
• Apply statistical techniques to address research problems
• Perform hypothesis testing to address an authentic problem
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 si
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 I
market. The regional sales director has three questions that they want to see addressed in the report:
1. Are housing prices in your regional market lower than the national market average?
2. Is the square footage for homes in your region different than the average square footage for homes in the national market?
3. 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 ni
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
completing the Project Two Template located in the What to Submit area below.
Directions
Introduction
1. Region: Start by picking one region from the following list of regions:
West South Central, West North Central, East South Central, East North Central, Mid Atlantic
2. Purpose: What is the purpose of your analysis?
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 I market. The regional sales director has three questions