Buy custom Numerical and Verbal Hypothesis Statement
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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 647 |
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The null hypothesis says if San Diego houses cost more than or equal to the national average of $221,103, then Ho (or the null hypothesis) must be accepted. Using the estimated cost of San Diego houses, $300,000, we were able to calculate and confirm the results of the hypothesis test using the z-score normal distribution formula...
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Although the population standard deviation is unknown, we were able to use the sample standard deviation and calculate the z-score because the sample size is greater than 30.
The findings from this hypothesis can be used to answer the research question (“does the housing in San Diego cost more than the national average?â€) by taking the estimated average cost of housing in San Diego, studying the data set, identifying and plugging in the proper numbers into the z-score/normal distribution formula, charting the results, then following the five steps for hypothesis testing...
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