Title: Numerical and Verbal Hypothesis Statement

Essay Details

Subject: Business
Author: William M
Date: May 13, 2017
Level: University
Grade: A
Length: 3 / 647
No of views: 0
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Essay text:

We reviewed and analyzed the data set, Real Estate and developed a hypothesis test. The hypothesis test can be described with the following steps: Step 1: State the Hypothesis Does the housing in San Diego cost more than the national average? For this example, we have estimated that average housing cost in San Diego to be $300,000...

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According to the data set, the national average is $221,103. The null hypothesis is San Diego housing is more than or equal to the national average using a confidence level of 95%. The alternative hypothesis is that San Diego housing is not more than the national average. These two hypotheses are expressed numerically as follows: H0: ยต ? $ 221...

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