Question

In: Statistics and Probability

Based on your data, is there a difference between the price of homes with only 1...

Based on your data, is there a difference between the price of homes with only 1 bathroom vs. homes with more than one bathroom? Test at the 1% level of significance.

Regardless of your results, provide possible reasons why you might find no statistical difference between the two groups. (Use SPSS and show full solution)

Price of Homes with only 1 Bathroom:

338000
354000
329000
398000
185000
365000
305000
680000
370000
355000
745000
550000
216000
355000
680000
581000
350000
309950
134000
265000
180000

Prices of Homes with more than one bathroom:

335620
464000
601000
285000
462500
350000
312500
370000
399900
550500
709000
402000
450000
524000
800000
925000
714000
495000
535000
880000
150000
554500
520000
839990
500000
247800
344200
459950
229900
750000
509000
661500
785000
446000
830000
324000
500000
1200000
385000
565000
465000
401000
385000
395000
245000
500000
334000
340500
375000
600000
375000
536500
599900
750000
590000
429000
463800
2980000
443000
276200
630000
570000
979700
730000
268450
490000
808000
695000
1230000
645500
750000
1400000
344900
601450
575000
405000
518000
285000
433000

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Expert Solution

orchestra answered 2 years ago
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