Reference no: EM132854557

Hypothesis Testing for Regional Real Estate Company

Southern New Hampshire University

Introduction

[Include in this section a brief overview, including the purpose of this analysis.]

In this analysis I will help the Regional Real Estate Company analyze their real estate data. One of the company's Pacific region salespeople just returned to the office with a newly designed advertisement. It states that the average cost per square foot of his home sales is above the average cost per square foot in the Pacific region. More specifically, I will make sure that the following statement is correct before approving it for advertisement use: The average cost per square foot of the home sales is above the average cost per square foot in the Pacific region. The average cost per square foot of his home sales is $275. In order to test his claim, I will collect a sample of 1,001 home sales for the Pacific region.

Setup

[Define your population parameter.]

[Write the null and alternative hypotheses. Note: Remember, the salesperson believes that his sales are higher.]

[Specify the name of the test you will use and identify whether it is a left-tailed, right-tailed, or two-tailed test.]