This assignment examines the weekly rent of apartments in New Town and Hurstville suburbs. It applies hypothesis testing to determine if the average rent in New Town is greater than $450 and if there's a statistically significant difference between rents in the two suburbs. The analysis uses sample data, calculates t-values, p-values, and draws conclusions based on significance levels. Results indicate that the average rent in New Town is significantly higher than $450 but no significant difference exists between the two suburbs.

Solved assignment on analyzing weekly rent of apartments in two suburbs using hypothesis testing.

[SOLVED] Apartment Rent Analysis

Apartment Rent Comparison: Hypothesis Testing

This assignment focuses on applying hypothesis testing to real estate data. Students analyze weekly rent samples from New Town and Hurstville,  testing if the average rent in New Town exceeds $450 and comparing it to Hurstville's average rent. The assignment utilizes t-tests and provides calculated p-values to reach conclusions about significant differences in rental prices between the two suburbs.

Statistics and Probability

Hypothesis Testing & Rent Analysis

This assignment explores hypothesis testing in the context of apartment rental prices. It focuses on comparing weekly rent values in New Town and Hurstville using a right-tailed t-test to examine whether the average rent in New Town is higher than $450.  The assignment also employs a two independent sample means test assuming equal variance to determine if the average rent in New Town is statistically significantly lower than that in Hurstville. Sample data, calculations, and decisions based on p-values are provided for both tests.

Hypothesis Testing for Rent Comparison

Health Aide

This assignment examines the rental market in Sydney, specifically comparing the average weekly rent for two-bedroom apartments in Newtown and Hurstville.  The student employs statistical techniques like t-tests to analyze a sample of 50 apartments from each suburb. The analysis aims to determine if there is a significant difference in average rent between the two suburbs and whether Newtown's average rent exceeds $450 per week.

University of the Visayas

Sydney Apartment Rent Comparison

Oblicon

This assignment provides a detailed solution to a hypothesis testing problem in business statistics. The student is given a population mean (μ) of 4.32, a sample mean (x̄) of 4.32, and a standard deviation (σ) of 4.32. They are asked to test the null hypothesis (H0) that the population mean is equal to the sample mean (H0: μ = μ), using a level of significance (α) of 0.05. The student calculates the test statistic (t) and compares it to the critical value (t crit) from a standard normal table, rejecting the null hypothesis if the absolute value of t is greater than t crit. In this case, the student rejects the null hypothesis, indicating that there is sufficient evidence to support the claim that the population mean is not equal to 4.32. The assignment also discusses type 1 and type 2 errors, with a type 1 error occurring when a true null hypothesis is rejected, and a type 2 error occurring when a false null hypothesis is failed to be rejected.

Saint Louis University (Philippines)

Hypothesis Testing and Type 1/2 Errors

Hartpury University and Hartpury College

Assignment: The Value of Business Statistics for Students

Assignment

This article presents a statistical analysis of the diameter of a product using hypothesis testing and confidence intervals. It includes sample mean, standard deviation, t-statistic, p-value, confidence interval, and minimum sample size. The article concludes that the diameter of the product is different from the intended 0.75 inch. It also discusses the altered hypotheses and the type of test used.

Apartment Rent Comparison: Hypothesis Testing

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Hypothesis Testing & Rent Analysis

Hypothesis Testing for Rent Comparison

Sydney Apartment Rent Comparison

Hypothesis Testing and Type 1/2 Errors

Assignment: The Value of Business Statistics for Students

Statistical Analysis of Diameter of a Product

Apartment Rent Comparison: Hypothesis Testing

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Hypothesis Testing & Rent Analysislg...

Hypothesis Testing for Rent Comparisonlg...

Sydney Apartment Rent Comparisonlg...

Hypothesis Testing and Type 1/2 Errorslg...

Assignment: The Value of Business Statistics for Studentslg...

Statistical Analysis of Diameter of a Productlg...

Hypothesis Testing & Rent Analysis

Hypothesis Testing for Rent Comparison

Sydney Apartment Rent Comparison

Hypothesis Testing and Type 1/2 Errors

Assignment: The Value of Business Statistics for Students

Statistical Analysis of Diameter of a Product