Hypothesis Testing For Regional Real Estate Companysouthern

Hypothesis Testing for Regional Real Estate CompanySouthern New Hampshire University 09:25:53 GMT -05:00IntroductionThis report is to help analyze the data given for this real estate company. The goal is to either approve or deny the hypothesis that is presented by the salesperson. The test sample for the Pacific region originally consisted of 1,001 homes to which we had to simplify down to 750 homes.Hypothesis Test SetupThe population parameter that is being tested is the mean cost per square foot in the Pacific region. The null hypothesis is that the mean cost per square foot based on the new advertisement is $280. The alternative hypothesis would be that the mean cost per square foot in the Pacific region would be less than $280. The test that should be performed is the left-tailed test because the alternative hypothesis states that the cost per square foot should be less than $280.Data Analysis PreparationsThe sample size is 750 homes. The mean cost per square foot is $266. The median for the cost per square foot is $203. 09:25:53 GMT -05:00Looking at the histogram, a majority of the data is on the lefthand side. This is another reason why the