Descriptive Statistics Neighborhood of House N Mean Std. Error Std. Deviation Staten Island Dungan Hills Selling Price of House 48 $468,082.77 $19,665.822 $136,248.811 Living Space of House in Square Feet 48 1961.81 195.292 1353.022 Lot Size of Land around House in Square Feet 48 3785.67 242.833 1682.394 Price per Square Foot of House 48 $483.04 $202.362 $1,402.007 Staten Island Sunrise Selling Price of House 30 $522,433.33 $29,744.861 $162,919.312 Living Space of House in Square Feet 30 1907.33 142.659 781.376 Lot Size of Land around House in Square Feet 30 4549.00 391.338 2143.447 Price per Square Foot of House 30 $290.30 $12.604 $69.033 1. Specifically, you should use the results in the table below for the two neighborhoods to compare the two neighborhoods by testing the hypothesis that there is no significant difference between the neighborhoods: Test the hypothesis at .01 Level of Significance that there is no significant difference in the Average Price of Houses between the neighborhoods Test the hypothesis at .01 Level of Significance that there is no significant difference in the Average Price per Square Foot of Houses between the neighborhoods Test the hypothesis at .01 Level of Significance that there is no significant difference in the Average Age of Houses between the neighborhoods Test the hypothesis at .01 Level of Significance that there is no significant difference in the Average Lot Size of Houses between the neighborhoods Write a report on your results.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Descriptive Statistics
Neighborhood of House	N
	Mean	Std. Error	Std. Deviation
Staten Island Dungan Hills	Selling Price of House	48	$468,082.77	$19,665.822	$136,248.811
Living Space of House in Square Feet	48	1961.81	195.292	1353.022
Lot Size of Land around House in Square Feet	48	3785.67	242.833	1682.394
Price per Square Foot of House	48	$483.04	$202.362	$1,402.007
Staten Island Sunrise	Selling Price of House	30	$522,433.33	$29,744.861	$162,919.312
Living Space of House in Square Feet	30	1907.33	142.659	781.376
Lot Size of Land around House in Square Feet	30	4549.00	391.338	2143.447
Price per Square Foot of House	30	$290.30	$12.604	$69.033

1. Specifically, you should use the results in the table below for the two neighborhoods to compare the two neighborhoods by testing the hypothesis that there is no significant difference between the neighborhoods:

Test the hypothesis at .01 Level of Significance that there is no significant difference in the Average Price of Houses between the neighborhoods
Test the hypothesis at .01 Level of Significance that there is no significant difference in the Average Price per Square Foot of Houses between the neighborhoods
Test the hypothesis at .01 Level of Significance that there is no significant difference in the Average Age of Houses between the neighborhoods
Test the hypothesis at .01 Level of Significance that there is no significant difference in the Average Lot Size of Houses between the neighborhoods
Write a report on your results.

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