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Scenario: You have Been hired by the regional estate company to help analyze real estate data. One of the companies Pacific region sales people just

Scenario: You have Been hired by the regional estate company to help analyze real estate data. One of the companies Pacific region sales people just returned to the office with a newly designed advertisement. It states that the average cost per square foot of his home sales is above the average cost per square foot in the Pacific region. He wants you to make Sure he can make that statement before approving the use of the advertisement. The average cost per square foot of his home sales is $275. In order to test his claim, you collect a sample of 1001 homes sales for the Pacific region. Significance level a= .05

How do I find the information for the questions below the histogram?

Mean: 264.016393

Median: 202.965842

Standard Deviation: 161.756506

Sample size: 1001

image text in transcribed
Hypothesis Testing for Regional Real Estate Company Pacific Region 400 350 300 al 250 Frequency 200 150 100 cific 0 O g es is ($218, $275] ($731, $788] ($788, $845] ($845, $902] ($902, $959] [$104, $161] ($674, $731] ($446, $503] ($617, $674] ($161, $218] ($503, $560] ($560, $617] $959, $1,016] ($332, $389] ($275, $332) ($389, $446] ($1,016, $1,073] ne Cost Per Square Footage = .05. [Specify whether the assumptions or conditions to perform your identified test have been met.] rk on this [Identify the appropriate test statistic, then calculate the test statistic and identify your ating significance level.] Calculations lodule Five Page 3 of 4 375 words Focus 127% DD DII DD F8 10 F11 F12 & * 7 9 O delete Y U O P J K L return M

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