Spring_Valley AU_Park1375 9101399 9351450 11601270 800970 9101350 1020925 1020875 8601000 8501120 8731130 13001200 1100830 7951300 12201220 985925 1060885 10401560 9251380 14501250 1350900 1280900 11601150 9751440 950930 795
A) Calculate the summary statistics for both SpringValley and AU Park. Enter the values that you calculate into thetable below. Report the values to 2 decimal places.
Summary Statistics:
Column | n | Mean | Std.dev. | Median |
Spring Valley | | | | |
AU Park | | | | |
B) What can you infer about the shape of thedistribution of Spring Valley house prices by looking at thesummary statistics you calculated in part c.
C) is there a difference in house prices in SpringValley versus AU Park at ? = 0.05.
(i) State the hypothesis that you want totest.
(ii) Record the value of the test statistic and itsp-value.
(iii) What do you conclude for the test at ? =0.05?
D) Compute a 95% confidence interval for the differencein the mean house prices between Spring Valley and AU Park.Interpret your interval.
