Realestae Non-Par. Hypoth. Paper

Real Estate
As the real estate market has changed many timed over the last hundred years, we have seen the clean price increase to meet the demand that inflation has station upon us. There has been an average price put on wholly products that we sell and trade among one another. Home prices fall into a category as a need for all people. We raise to average the home look ons by the home prices slightly it. Looking at the average prices we being with squ are footage and the yield of bedrooms that the home has.
Hypothesis Statement
Buyers now have many more than amenities available to take advantage of because of the abundance of houses on the market. Buyers need to decide if they deprivation a house with triple bedrooms or a house with the most full-blooded feet for their money. The hypotheses are to determine the relation of price and number of bedrooms to the add square footage of a home for sale. To test our hypotheses we will run Chi-Square tests of freedom testing whether:
broker A (price)
Ho: Price is self-sufficing of centre square footage.
H1: Price is not self-reliant of total square footage.
Factor B (number of bedrooms)
Ho: Number of Bedrooms is independent of total square footage.
H1: Number of Bedrooms is not independent of total square footage.




Data
Factor A
Total Square Feet
Price2400
125k-179k41161
180k-234k823105
235k-289k11086
289k-345k0345

Factor B
Total Square Feet
No. of Bedrooms2400
261251
341372
411186
5+21188

Decision Rule
In this test we will be using a 95% level of confidence. For Factor A table, we have r = 4 rows and c = 4 columns, so degrees of freedom are v = (r 1)(c 1) = (4 1)(4 1) = 9. So, the critical value obtained from surpass using =CHIINV(.05,9) = 16.92. For Factor B table, we also have r = 4 rows and c = 4 columns so the critical value remains 16.92.
For ? = .05 in a right-tailed test, the decision rule is:
protest Ho if ?² > 16.92
Otherwise do not reject Ho...If you want to get a full essay, order it on our website: Ordercustompaper.com



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