housing prices are as such for 15 houses(non-parametric) w/

[lizziegirl]

in a local area housing prices are as such for 15 houses(non-parametric) with three bedroom and two baths: 39000, 39900, 51000, 54000, 64000, 65000, 69000, 79900, 82500, 87000, 114900, 149900, 169000, 185000, 229000

parametric data set of a large unconstrained population like regional pricing ( 50 houses): 45,950
53,900
69,900
87,900
91,900
99,900
99,900
104,900
134,000
139,900
139,900
140,000
144,900
151,000
158,000
159,900
159,900
160,000
164,900
165,000
165,000
166,900
174,500
174,900
179,900
197,900
199,900
218,900
224,900
240,000
250,000
264,900
264,900
269,770
275,000
275,000
284,900
299,000
315,000
350,000
360,000
365,000
469,000
699,000
750,000
950,000
985,000
2,395,000
3,795,000
4,650,000

I am to calculate and compare the summary and chart the data
Where do I start? and how is this determined in a hypothesis question I am to write a paragraph summarizing the compared data findings.
Thanks for your help as I am strggling through my class :?

 

[Denis]

Re: statistics

Where do I start?
Thanks for your help as I am strggling through my class :?

Are you saying that your teacher gave this assignment with absolutely no teaching,
and the whole "class" has no idea how to start?

 

[lizziegirl]

Re: statistics

this is an individual assignment where we have to find local real estate prices verses regional prices and collect the data and run hypothesis testing. I am guessing because it wasn't made clear enough ( online classes you know) exactly what they want. I'm thinking a two tailed test due to the two samples. Then we have to chart it with a bellshaped curvewith a skewness +0.5 the prof wants us to plot normal distribution charts of the two data sets. After that we are to calculate and compare the smmary stats and chart the data. NOt sure where to begin. I got the data and now I'm not sure where to go from there. The two- tailed test? :?