Reference no: EM1317799

Using dissimilarity between two means, formulate both a numerical and verbal hypothesis statement regarding your research issue.

While purchasing a home, location is everything. As a buyer, one should be aware of the cost of living in the area of choice, as well as expect a higher cost the closer to the center of town you get. It is also important as a buyer to find an area that fits your lifestyle as well as your budget. Many working families need both parents to travel to a metropolis area for work but feel that the city is not a place to raise a child and that the suburbs might be more suitable. However, they must factor in the extra expenditures that will be spent on the commute. A single buyer on the other hand, may benefit from city living and save some extra money because of things like public transportation rather than spending significantly more money on a car and gas.

The question or issue that the buyer wants to address is that property closer to town is more expensive so buyers that purchase property further from the center of town get a more affordable home. The research is necessary so that the buyer will remain within the budget that they have set for themselves. Though the cost of the home is very important, it is also important to factor in other expenditures such as upkeep, repairs and any upgrades that may want to be added. It is a critical move for the buyer to factor in all the expenses incurred in the move. The buyer may also want to be aware that property in the center of town as well as the property outside center of town will have different taxes depending on the township or county they are in. To begin the buying process, the buyer must research the area in which he or she would like to buy property.

Formulate both a numerical and verbal hypothesis statement regarding the research issue.