Using dissimilarity between two means

Assignment Help Basic Statistics
Reference no: EM1317799

Using dissimilarity between two means, formulate both a numerical and verbal hypothesis statement regarding your research issue.

While purchasing a home, location is everything. As a buyer, one should be aware of the cost of living in the area of choice, as well as expect a higher cost the closer to the center of town you get. It is also important as a buyer to find an area that fits your lifestyle as well as your budget. Many working families need both parents to travel to a metropolis area for work but feel that the city is not a place to raise a child and that the suburbs might be more suitable. However, they must factor in the extra expenditures that will be spent on the commute. A single buyer on the other hand, may benefit from city living and save some extra money because of things like public transportation rather than spending significantly more money on a car and gas.

The question or issue that the buyer wants to address is that property closer to town is more expensive so buyers that purchase property further from the center of town get a more affordable home. The research is necessary so that the buyer will remain within the budget that they have set for themselves. Though the cost of the home is very important, it is also important to factor in other expenditures such as upkeep, repairs and any upgrades that may want to be added. It is a critical move for the buyer to factor in all the expenses incurred in the move. The buyer may also want to be aware that property in the center of town as well as the property outside center of town will have different taxes depending on the township or county they are in. To begin the buying process, the buyer must research the area in which he or she would like to buy property.

Formulate both a numerical and verbal hypothesis statement regarding the research issue.

Reference no: EM1317799

Questions Cloud

Most demand curves are downward sloping : One point made is that most demand curves are downward sloping. Can you think of any situation where an individual's demand curve for a product is upward sloping.
Find the solution of the equations : find the solution of the equations
Probability based on relative-frequency : Find out the expected winnings for a person who buys one ticket.
Provide a careful and complete proof by induction : Summation and proof using mathematical Induction - Provide a careful and complete proof by induction.
Using dissimilarity between two means : While purchasing a home, location is everything. As a buyer, one should be aware of the cost of living in the area of choice, as well as expect a higher cost the closer to the center of town you get.
Convince your colleagues that introducing the new soft drink : If you were a manager at PepsiCo, would you try to convince your colleagues that introducing the new soft drink is the most profitable strategy.
Derivative of the natural logarithm : Derivative of the natural logarithm by using the fundamental theorem of calculus - Evaluate the derivative of  y  = ln  x.   This solution below is not complete.
Test for one sample population mean : By using a level of significance of .10, is there evidence that the population mean weight of the candy bars is greater than 4.3?
Determine accumulated rate of change using definite integral : Determine accumulated rates of change using definite integral - Explain how this represents an accumulated rate of change in detail

Reviews

Write a Review

 

Basic Statistics Questions & Answers

  One sample t statistic-p value test

The one-sample  t  statistic has the value  t  = -1.68. What do we know about the  P -value of this test?

  Considering hypothesis test

A sample of 50 provided a sample mean of 14.15. The population standard deviation is 3.

  Independent two sample t-test

Why is it misleading to draw the conclusion from the test above that long-time exposure to cadmium reduces the vital capacity?

  Finding z values by using normal distribution

Suppose the assembly times follow normal distribution. Find out z values for 29 and 34 hours. What percent of garages take between 32 hours and 34 hours to erect?

  Population mean on the basis of the sample mean

Estimating the value of the population mean on the basis of the sample mean alone produces a(n):

  Value of test statistic utilizing one sample proportion test

Find out the value of test statistic utilizing one sample proportion testing. Use the subsequent information for the below questions.

  Evaluate the t statistic for testing contrast

The ANOVA table is given below,as well as a table of means and standard deviations for the three groups. Evaluate the t statistic for testing contrast

  Computing population mean and population standard deviation

Suppose these data represent whole population. Determine the population mean and population standard deviation.

  Determine the probabilities of events

What is the probability that they all hit the target?

  Distribution interval or a bootstrap percentile interval

An advantage of the permutation test over the t test for a difference in means is that - distribution interval or a bootstrap percentile interval

  College students'' seating choices and motivation to achieve

This activity is a revision of an activity found in Real Data: A Statistics Workbook Based on Empirical Data by Z. C Holcomb (1997). Published by Pyrczak Publishing.

  Estimating probability values based on discrete distribution

There are two telephone lines A and B. Let E1 be the event that line A is being used and E2 be the event that line B is being used

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd