Consider the following sample of houses in a local neighbourhood.

Sample of House prices in $1000s of dollars
677	695	806	1011	564
1156	399	772	630	1114
1144	507	516	613	706
877	1146	656	753	548
445	579	500	581	664
826	956	1146	680	886
746	1146	481	747	477

It is reported that the average house price in Greater Victoria is $800 (x$1000).

• Using the five-step hypothesis test procedure, test at the ten percent level whether there is evidence that this neighbourhood's average price is less than the municipal average. Use a stats program like R or Excel to calculate the P-values. Interpret what this P-value means.
• Using the five-step hypothesis test procedure, test at the five percent level whether there is evidence that this neighbourhood's average price is less than the municipal average. Use a stats program like R or Excel to calculate the P-values. Interpret what this P-value means.
• Do you get different outcomes based on the above significance levels?
  • Does it matter if we choose a significance level before vs after we have viewed our results? Explain.