Question
B1. Relevant Data Description I have collected the prices of 30 different homes. This data was extracted directly from the Zillow website. Please see the
B1. Relevant Data Description
I have collected the prices of 30 different homes. This data was extracted
directly from the Zillow website. Please see the table below.
B2. Graphical Display
Deer Creek Ryan Ridge
$289,900 $278,464
$249,900 $281,473
$325,000 $273,215
$269,900 $232,399
$209,000 $238,099
$206,500 $239,699
$272,500 $243,799
$325,000 $245,999
$274,900 $250,399
$259,900 $252,799
$315,000 $253,799
$219,900 $260,799
$334,900 $263,699
$334,900 $269,899
$274,900 $270,599
C1. Analysis Technique
For this task, I used the T-test (2-sample) technique. The 2-sample T-test allows for a
side-by-side comparison of two random samples in order to determine whether the statistics
between the two are significantly different per the statistics.
C2. Output/Calculations
t-Test: Two-Sample Assuming Unequal Variances
Deer Creek Ryan Ridge
Mean= 277473.3333 257009.3333
Variance =1920059238 240122854
Observations= 15 15
Hypothesized Mean Difference= 0
df =17
t Stat= 1.705261456
P(T<=t) one-tail = 0.053174681
t Critical one-tail= 1.739606726
P(T<=t) two-tail= 0.106349362
t Critical two-tail= 2.109815578
CAN SOMEONE PLEASE EXPLAIN HOW EACH CALCULATION WAS CALCULATED IN SECTION C2 JUST UTILIZING THE DATA GIVEN? I BELIEVE THIS IS THE PROCESS FOR MAKING A 2 SAMPLE T-TEST.
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