Data is transforming the way decisions are made in business, marketing, politics, economics, sports, and international development. As professionals, it is crucial to be proficient in the basic concepts of statistics and to understand how data is collected, interpreted, and used in the world around us.

Determine factors that have the greatest impact on property prices utilizing the introductory statistics concepts by choosing and visually representing relevant data, make valid predictions based on the analysis, and use statistics to craft an informed response to the question "What drives property prices?" Use confidence intervals and hypothesis tests to determine the validity of the mean property prices stated by two opposing parties in a disagreement over the affordability of housing in a given area. Make a recommendation regarding the affordability of housing based on the findings.

The dataset used for this assignment contains data from properties listed on "domain.com.au" in the Melbourne metropolitan area between January 2016 and September 2017. This data includes key geographic information (e.g., suburb, distance from Melbourne CBD), property information (e.g., property type, number of rooms, land area), and selling information (e.g., sale date, price).