Question
You must answer the original question and comment on the postings of at least two other students to receive full credit for participation. Summary table
You must answer the original question and comment on the postings of at least two other students to receive full credit for participation.
- Summary table regarding:
- Prices of houses in the two districts
- Ages of houses in the two districts
- Sizes of houses in the two districts
- Describe your results and explain possible sources of any differences that you observe
Table I
Comparative Statistics of Houses: Eastville and Apple Valley Districts
The School District Where House is Located | N | Mean | Std. Deviation | Std. Error Mean | |
Size of the House in Square Feet | Eastville School District | 43 | 1658.07 | 444.120 | 67.728 |
Apple Valley School District | 65 | 1803.71 | 439.664 | 54.534 | |
The Price of the House in Thousands of Dollars | Eastville School District | 43 | 87.675 | 24.6065 | 3.7525 |
Apple Valley School District | 65 | 104.817 | 25.5277 | 3.1663 | |
The Age of the House in Years | Eastville School District | 43 | 12.30 | 4.274 | .652 |
Apple Valley School District | 65 | 10.52 | 4.793 | .594 |
In the Tumbling After Real Estate Company, the managers would like to explain whether there are differences in the prices of houses in two locations: The Eastville School District and the Apple Valley School District. Jack and Jill have explained to their Area Manager, Mr. Pelo Watar that any differences in the prices of houses in the two districts can be explained by buyers' preference for the Apple Valley School District. The Manager feels, though that the differences in house prices could be explained by differences in the average ages or sizes of the houses in two districts.
A partial summary of the data is presented below in Table 1. Use the information in the table below to answer the questions raised by Jack, Jill, and Pelo Watar, Specifically,
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