Hypothesis Testing for Regional Real Estate Company 1
Hypothesis Testing for Regional Real Estate Company
Ashley M. Allen
Southern New Hampshire University
MAT 240
Introduction
I have been hired to provide the specialized support that the Regional Real Estate
Company needs in analyzing real estate data. Regional Real Estate Corporation A salesperson
belonging to the firm's Pacific region entered the office carrying a freshly created advertisement.
The going pricing for a square foot of residential property is $280, according to the data
in this advertising. According to the salesperson, the average cost per square foot in the Pacific
region is $280, but this cost is significantly cheaper in the Pacific region. Or, to put it another
way, he thinks the recently changed advertisement would lead to an increase in the Pacific
Region's average price paid per square foot. He wants you to confirm that he can make that
assumption before he agrees to let the commercial be shown.
He will not offer his approval before that time. You will initially use a random selection
approach to choose 750 records from the data that pertain to the Pacific region in order to verify
