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Summary statistics column n mean std. dev. min q1 medi
- 1. Summary statistics: Column n Mean Std. dev. Min Q1 Median Q3 Max median listing price 978 288,407 163,986 75,309 186,742 256,936 337,342 1,653,763 median $'s per square foot 978 142 92 21 95 121 157 1,084 median square feet 978 1,944 367 697 1,726 1,901 2,126 3,945 This graph shows the frequency for median listing price in thousands. The graph shows the frequency of median square feet.
- 2. New EnglandHouse Listing Price Data by RegionSource:https://www.realtor.com/research/data/Regional sample (n = 1000)StateCountyRegionHouse listing priceCost per square footSquare footageCTlitchfieldNew England$329,050$1531,888MEpenobscotNew England$169,500$1031,586NHmerrimackNew England$299,950$1452,152VTwashingtonNew England$289,950$1411,959MEyorkNew England$391,550$2301,719VTwashingtonNew England$222,500$1351,670NHstraffordNew England$311,471$1661,885MAsuffolkNew England$699,050$6471,259MAnorfolkNew England$642,500$3092,210NHhillsboroughNew England$339,950$1642,090RIwashingtonNew England$499,050$2591,871NHbelknapNew England$289,950$1561,869VTrutlandNew England$228,800$1171,993RInewportNew England$579,050$2922,128MAfranklinNew England$230,050$1331,800MEpenobscotNew England$157,050$941,600VTwashingtonNew England$300,050$1541,896MAberkshireNew England$379,950$1852,032MEkennebecNew England$187,050$1041,695NHcheshireNew England$266,550$1321,981VTfranklinNew England$219,950$1201,750CTnew londonNew England$290,000$1531,848NHmerrimackNew England$314,950$1462,174NHmerrimackNew England$299,950$1402,176NHhillsboroughNew England$358,950$1732,036CTwindhamNew England$204,000$1231,615VTwashingtonNew England$295,050$1471,888CTnew londonNew England$268,500$1591,648CTnew havenNew England$279,950$1581,724MAplymouthNew
- 3. England$491,550$2442,028MAfranklinNew England$223,800$1351,780NHcheshireNew England$260,500$1311,838CTnew havenNew England$279,050$1531,790MEpenobscotNew England$159,750$1001,588NHgraftonNew England$259,300$1501,840VTwashingtonNew England$299,050$1471,850MEyorkNew England$339,050$2051,772CTnew havenNew England$272,421$1501,763MAsuffolkNew England$764,050$6691,341NHgraftonNew England$253,850$1431,741RInewportNew England$598,050$2922,170MAmiddlesexNew England$655,000$2762,400MAfranklinNew England$299,050$1501,960CTnew londonNew England$274,950$1211,212RIprovidenceNew England$279,050$1851,504MAbarnstableNew England$599,950$3181,920CTlitchfieldNew England$398,050$1722,268NHbelknapNew England$295,000$1621,838NHbelknapNew England$269,950$1531,797MAsuffolkNew England$799,050$7081,311RIkentNew England$275,050$1771,524CTnew havenNew England$258,500$1461,410VTwindsorNew England$349,050$1582,120CTlitchfieldNew England$329,950$1501,776NHcheshireNew England$234,550$1231,845NHcheshireNew England$258,864$1261,968NHhillsboroughNew England$341,444$1602,126RIwashingtonNew England$489,950$2531,812CTmiddlesexNew England$342,450$1701,874CTnew londonNew England$294,050$1541,880NHstraffordNew England$284,950$1551,819MAsuffolkNew England$774,500$6701,359MAbristolNew England$385,050$2101,873MAbristolNew England$375,050$2061,880RIkentNew England$319,950$2041,537MAsuffolkNew
- 9. England$657,543$3142,141NHhillsboroughNew England$370,721$1722,192CTfairfieldNew England$739,050$2932,649MAbarnstableNew England$575,050$2991,946MAworcesterNew England$337,500$1821,881MAhampdenNew England$229,950$1441,636CTwindhamNew England$251,050$1471,601MEandroscogginNew England$185,050$1111,689VTwindsorNew England$289,050$1421,944NHcheshireNew England$244,050$1171,872NHbelknapNew England$299,950$1641,902CTnew havenNew England$260,050$1471,748CTmiddlesexNew England$340,621$1681,974MAbristolNew England$352,500$2001,813RInewportNew England$580,050$2992,054MAessexNew England$525,050$2632,015NHbelknapNew England$270,049$1561,806NHbelknapNew England$329,050$1651,916RIprovidenceNew England$269,950$1751,500CTnew londonNew England$312,050$1631,836NHrockinghamNew England$452,500$2152,088MEyorkNew England$342,101$2081,758MAberkshireNew England$379,800$1822,033MEkennebecNew England$199,950$1161,768VTwashingtonNew England$295,050$1481,862CTnew londonNew England$289,950$1571,656MAfranklinNew England$259,950$1411,824MEkennebecNew England$213,982$1211,798MAessexNew England$546,049$2502,200NHgraftonNew England$237,550$1371,755NHgraftonNew England$259,050$1501,836CThartfordNew England$249,050$1401,504VTrutlandNew England$236,550$1212,000MEcumberlandNew England$395,050$2141,827CTtollandNew England$269,950$1411,842MEpenobscotNew England$149,050$921,563VTfranklinNew
- 12. England$224,950$1271,695NHrockinghamNew England$442,000$2052,203MAberkshireNew England$320,050$1691,958MAplymouthNew England$447,200$2241,954CThartfordNew England$249,950$1481,662NHbelknapNew England$299,500$1581,792MEyorkNew England$349,900$2101,756RIbristolNew England$480,050$2482,091NHgraftonNew England$269,050$1511,838CTnew londonNew England$274,950$1441,460MEyorkNew England$335,000$2051,738RIkentNew England$274,950$1871,506MAplymouthNew England$450,050$2321,965MAbarnstableNew England$597,336$3281,865MAworcesterNew England$309,950$1701,840NHstraffordNew England$324,050$1711,806CTwindhamNew England$250,000$1451,706MAplymouthNew England$510,707$2502,107CTnew havenNew England$270,421$1591,597MAmiddlesexNew England$659,050$2852,280NHcheshireNew England$239,050$1231,932MEandroscogginNew England$215,050$1231,706MAfranklinNew England$295,050$1471,935MAmiddlesexNew England$679,500$2952,234MAnorfolkNew England$599,050$2822,208MAhampdenNew England$249,950$1491,757MEyorkNew England$369,950$2271,711MAbarnstableNew England$550,050$3211,813MEkennebecNew England$209,413$1191,800NHstraffordNew England$337,800$1722,013VTwindsorNew England$310,050$1472,001CTnew havenNew England$259,950$1561,568NHbelknapNew England$270,049$1481,803VTwashingtonNew England$279,250$1401,870MAbarnstableNew England$599,950$3201,907MEyorkNew England$345,050$2071,772MAberkshireNew
- 13. England$349,050$1742,038NHhillsborou ghNew England$362,450$1722,147CTlitchfieldNew England$330,050$1111,296VTfranklinNew England$245,050$1321,794MAbristolNew England$387,500$2101,872MAfranklinNew England$275,050$1431,943CTnew londonNew England$278,500$1571,680RIprovidenceNew England$272,550$1831,497MEyorkNew England$384,950$2331,741CTnew londonNew England$287,050$1511,858CTfairfieldNew England$842,050$3002,873NHbelknapNew England$299,950$1691,792RIprovidenceNew England$267,000$1711,578NHrockinghamNew England$439,950$2072,136CTmiddlesexNew England$325,050$1291,260CTnew havenNew England$273,370$1561,527VTwindsorNew England$339,050$1502,147RIkentNew England$310,000$1991,539CTtollandNew England$255,450$1291,524VTwindsorNew England$288,550$1461,943CThartfordNew England$262,257$1421,844CThartfordNew England$259,750$1491,637RIprovidenceNew England$290,314$1911,546MAplymouthNew England$459,950$2321,993MAnorfolkNew England$589,500$2912,100VTrutlandNew England$229,950$1192,024VTwindsorNew England$330,050$1482,114CTnew londonNew England$297,050$1541,901VTchittendenNew England$377,550$1812,058MAbristolNew England$359,550$1931,881NHmerrimackNew England$266,750$1331,955VTfranklinNew England$235,550$1271,846RIkentNew England$275,000$1881,515RIbristolNew England$565,550$2632,255MEyorkNew England$346,300$2121,699MAsuffolkNew England$799,050$7491,270NHcheshireNew
- 20. England$399,050$1922,124CTtollandNew England$272,000$1341,996CT… Regional vs. National Housing Price Comparison Report 2 [Note: To complete this template, replace the bracketed text with your own content. Remove this note before you submit your outline.]Report: Regional vs. National Housing Price Comparison [Your Name] Regional vs. National Housing Price Comparison Report 1 Southern New Hampshire University Introduction Purpose: [Include in this section a brief overview, the purpose of the report, and your approach. Define your random sample and two hypotheses (means) to analyze.] Sample: [Take a random sample of observations from your region and describe what is included in your sample (i.e., states, region, years or months).] Questions and type of test: [For your selected sample, define two hypothesis questions and the appropriate type of test hypothesis for each. For each hypothesis question, answer questions 3a-c from the Project Two Guidelines and Rubric. This includes questions about the population parameter, your hypothesis, the inference method you will use, and how you will use estimation and confidence intervals to help you solve the problem.] 1-Tail Test Hypothesis: [Define the population parameter. Write null and alternative hypotheses. Note: For means, define a hypothesis that is greater than the population parameter. Specify your significance level.] Data analysis: [Summarize your sample data using appropriate graphical displays and summary statistics.]
- 21. [Provide at least one histogram of your sample data.] [In a table, provide summary statistics including sample size, mean, median, and standard deviation.] Note: For quartiles 1 and 3, use the quartile function in Excel: =QUARTILE([data range], [quartile number]) [Summarize your sample data, describing the center, spread, and shape in context.] [Note: For shape, think about the distribution: skewed or symmetric.] [Check the assumptions by determining if the normal condition has been met. Determine if there are any other conditions that you should check and whether they have been met.] [Note: Think about the central limit theorem and sampling methods.] Hypothesis Test Calculations: [Determine the appropriate test statistic (t).] [Note: This calculation is (mean – target)/standard error. In this case, the mean is your regional mean, and the target is the national mean.] [Calculate the probability (p value).] [Note: This calculation is done with the T.DIST.RT function in Excel: =T.DIST.RT([test statistic], [degree of freedom]). The degree of freedom is calculated by subtracting 1 from your sample size.] Interpretation: [Relate the p value and significance level.] [Make the correct decision (reject or fail to reject).] [Provide a conclusion in the context of your hypothesis.] 2-Tail Test Hypotheses: [Define the population parameter. Write null and alternative hypotheses.] [Note: For means, define a hypothesis that is not equal to the population parameter.] [State your significance level.]
- 22. Data Analysis: [Summarize your sample data using appropriate graphical displays and summary statistics.] [Provide at least one histogram of your sample data.] [In a table, provide summary statistics including sample size, mean, and standard deviation.] [Note: For quartiles 1 and 3, use the quartile function in Excel: =QUARTILE([data range], [quartile number]) ] [Summarize your sample data, describing the center, spread, and shape in comparison to the national information.] [Note: For shape, think about the distribution: skewed or symmetric.] [Check the assumptions by determining if the normal condition has been met. Determine if there are any other conditions that you should check and whether they have been met.] Note: Think about the central limit theorem and sampling methods. Hypothesis Test Calculations: [Determine the appropriate test statistic (t).] [Note: This calculation is (mean – target)/standard error. In this case, the mean is your regional mean, and the target is the national mean.] [Calculate the probability (p value).] [Note: This calculation is done with the TDIST.2T function in Excel: =T.DIST.RT([test statistic], [degree of freedom]). The degree of freedom is calculated by subtracting 1 from your sample size.] Interpretation: [Relate the p value and significance level.] [Make the correct decision (reject or fail to reject).] [Provide a conclusion in context to your hypothesis.] Comparison of the Test Results: [Calculate the 95% confidence interval and show or describe the method of calculation.] [Interpret the confidence 95% confidence interval in context.] Final Conclusions
- 23. [Summarize Your Findings: Refer back to Step 1 and summarize your findings of the sample you selected.] [Discuss: Discuss if you were surprised by the findings including why or why not.]