Question
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
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