Question
Quarter Executive5-room 4-room 3-room 2-room 1-room 2007-Q1511140223651908675 2007-Q2854230530912390653 2007-Q3738190128332179656 2007-Q4524166725251945807 2008-Q1453157424151854593 2008-Q2656199728572182656 2008-Q3625217229562296612 2008-Q4405157823361806574 2009-Q1372150624882011645 2009-Q2753271337872860701 2009-Q31058342240623015884 2009-Q47802187332625081205 2010-Q16512047319024711223 2010-Q27682240329626791274 2010-Q36871975296524071665 2010-Q45101477229020361347 2011-Q14561582226618181033 2011-Q24951635236519661164 2011-Q34581415211817961124
Quarter Executive5-room 4-room 3-room 2-room 1-room
2007-Q1511140223651908675
2007-Q2854230530912390653
2007-Q3738190128332179656
2007-Q4524166725251945807
2008-Q1453157424151854593
2008-Q2656199728572182656
2008-Q3625217229562296612
2008-Q4405157823361806574
2009-Q1372150624882011645
2009-Q2753271337872860701
2009-Q31058342240623015884
2009-Q47802187332625081205
2010-Q16512047319024711223
2010-Q27682240329626791274
2010-Q36871975296524071665
2010-Q45101477229020361347
2011-Q14561582226618181033
2011-Q24951635236519661164
2011-Q34581415211817961124
2011-Q4484141222241712863
2012-Q14371370222617561003
2012-Q26271594267619741391
2012-Q357815582419184814611
2012-Q44961288212915931232
2013-Q1328962152313621591
2013-Q24151070192216401853
2013-Q3339969167013771722
2013-Q4309784152412511321
2014-Q123072614441285924
2014-Q2274913166914111193
2014-Q330496017351416944
2014-Q430610241779139811810
2015-Q127692516081247772
2015-Q2357121021201518783
2015-Q3362114019351374802
2015-Q4402111319931399823
2016-Q1345102318091220511
2016-Q2421136924731500723
2016-Q3433128322501473741
2016-Q4359118620711326691
2017-Q1342105518571210642
2017-Q24451407252915191001
2017-Q3432142824471400965
2017-Q4480140323681414712
2018-Q1423111118101046662
2018-Q25231559237213821023
2018-Q36101797282817041213
2018-Q4401135023941408822
2019-Q1337114820321225876
2019-Q2471152026521532974
A research report shows that there is a trend that more people prefer to live in 4-room or bigger HDB flats. To investigate whether this finding is true, you have collected the quarterly number of re-sale flat applications from Quarter 1 of 2007 to the recent Quarter 2 of 2019. The data is given in the Excel data file "BUS105_GBA_resale". Please conduct some of your own research and use the Excel software to answer the following:
b.Show 95% confidence intervals for the average number of 4-room and 3-room re-sale flat applications, respectively. Discuss whether you can conclude that there are more 4-room re-sale flat applications than the 3-room re-sale flat applications.
c.Apply an appropriate test of hypothesis to determine if there are more 4-room re-sale flat applications than the 3-room re-sale flat applications?
Could you advise for c. what excel function or test I should use?
Is it the Two-Sample t-Test for Assuming equal varinaces or unequal variances or is it the paired t test?
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