Advanced Hypothesis Testing
Advanced Hypothesis Testing
Team A:
Jennifer Ambrose
Jeffery Bruns
Paul Grove
Paul Miller
Brean Rossiter
RES 342
Alexander Heil
December 18, 2006
Advanced Hypothesis Testing
Statistical analysis has proved to be an essential tool towards gaining a better understanding of many business needs. Last week in John Smith’s quest of moving his home based business into an office setting he compared the mean price from the Seattle Realtor Magazine to the price information from his sample of eight office buildings. Through a t-test statistical analysis John could not conclude that the price per-square-foot for the office space in Seattle is more than $17. However, before John moves out he decides to do a little more investigation based upon a sampling of 43 prices of office space he was able to collect. This week John will formulate a hypothesis statement and perform the five-step hypothesis test on the data he collected. After completing......
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Approximate Word Count: 1114
Approximate Pages: 5 (250 words per double-spaced page)
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