MAT 240 Project Two Template 2

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School

Southern New Hampshire University *

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240

Subject

Economics

Date

Apr 3, 2024

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docx

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7

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Regional vs. National Housing Price Comparison Report 1 Report: Regional vs. National Housing Price Comparison Emily Lemieux Southern New Hampshire University
Regional vs. National Housing Price Comparison Report 2 Introduction Region : I have selected the East North Central region for this report Purpose : The overall purpose for this report would be able to determine if the East North Central regions housing prices on average are significantly less than the national housing markets average, and if the East North Central region average square footage that the national housing markets average price range. To start with this report, I created a random sample of 500 observations and with that I will also then move forward, with analyzing whether the average housing price in the EN central region are lower than the national market average. I will do this by using a 1-tail test and that will help me see if the average square footage in the east north central region is different from the overall national marketing average. I will do that by also using a 2-tail test. Sample: My chosen sample includes 5000 homes across the East north central region, as well as it also has the corresponding list prices and square footage for each house. Questions and type of test: With my sample, I will also be testing two hypothesis questions throughout my work. The population parameter for the first variable I will be moving forward to analyze is the average home listing price, and with that the hypothesis being tested is the average listing price for homes in the EN central region, with them being less than the national average. For me to be able to analyze this hypothesis I will be using the 1-tail test. The overall population parameter for the average square footage for homes in the EN central region is different, then the national average of the houses. To be able to do that, I will be moving forward with using a 2-tail test to help me analyze. The confidence level I wll be using for these hypothesis will be 0.95, and 0.05 significance level to help me calculate the confidence intervals where the true population men will truly lie within.
Regional vs. National Housing Price Comparison Report 3 1-Tail Test Hypothesis: he population parameter for the 1-tail test is average listing price Hypothesis:
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