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RES 342 Team assigment week 2

# RES 342 Team assigment week 2 - RES 342 RESEARCH AND...

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RES 342 - RESEARCH AND EVALUATION II 1 RES 342 - RESEARCH AND EVALUATION II University of Phoenix RES 342 Within the housing market today, it is important to have homes competitively priced; this includes the taking into account the location. This can be done by looking at factors that can affect the home prices; everyone involved with the home buying process can maximize the cost effectiveness. In this hypothesis team C will establish a price comparison that compares the price of homes within the city versus the price of homes in

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RES 342 - RESEARCH AND EVALUATION II 2 the country. First team C will identify the purpose of this research, and then evaluate the results using the five- step process. In this paper it will state the hypothesis, the decision, calculate expected frequencies, calculate the statics of the test, and then show team C final decision. The research topic that Team C selected focused on the real estate condition in the Midwest. Hypothesis Statement Team C developed numerical and verbal hypothesis statements in conducting research on the real estate industry in the United States. Does the housing in Team C local community cost more than the national average? The hypothesis will show that the average housing cost in Team C’s local community to be \$300,000. According to the data set, the national average is \$221,103. The null hypothesis is local community housing is more than or equal to the national average using a confidence level of 95%. The alternative
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