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Table gives rental and homeowner vacancy rates by U.S. region (source: U.S. Census Bureau) for 5 years.
Table
Rental units
1995
1996
1997
1998
1999
Northeast
7.2
7.4
6.7
6.3
Midwest
7.9
8.0
8.6
South
8.3
9.1
9.6
10.3
West
7.5
6.6
6.2
Test at the 0.01 level whether the true rental and homeowner vacancy rates by area are the same for all 5 years. Interpret your results and state any assumptions that were necessary to perform the analysis.
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