Refer to the Real Estate data, which report information on homes sold in Goodyear, Arizona, and the
Question:
Refer to the Real Estate data, which report information on homes sold in Goodyear, Arizona, and the surrounding area.
a. Use an appropriate nonparametric test to determine whether there is a difference in the typical selling price of the homes in the several townships. Assume the selling prices are not normally distributed. Use the .05 significance level.
b. Combine the homes with six or more bedrooms into one group and determine whether there is a difference according to the number of bedrooms in the typical selling prices of the homes. Use the .05 significance level and assume the distribution of selling prices is not normally distributed.
c. Assume that the distribution of the distance from the center of the city is positively skewed. That is, the normality assumption is not reasonable. Compare the distribution of the distance from the center of the city of the homes that have a pool with those that do not have a pool. Can we conclude there is a difference in the distributions? Use the .05 significance level.
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Step by Step Answer:
Statistical Techniques In Business And Economics
ISBN: 356
16th Edition
Authors: Douglas Lind, William Marchal