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If a survey respondent is selected at random, what is the probability that their dwelling is a house or unit?
What is your conclusion from this test if the 5% significance level is used?
Report the p-value for your test. Give your answer in decimal, to 3 decimal places.
Summary statistics of Area has been provided in the 'Real Estate' worksheet.
The expected value of the sample mean of the areas of new houses is 481.46.
The standard error of the sample mean of the areas of new houses is 25.12. This uses bootstrapping.
What would happen if you choose a different level of confidence? Would the confidence intervals get wider or narrower? Choose your answers below.
There is about a 95% chance for the average house area in the population to be in this confidence interval.
Report the upper bound of the 95% confidence interval of the population mean of Area. Give your answer to three decimal places.