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We reviewed and analyzed the data set, Real Estate and developed a hypothesis test. The hypothesis test can be described with the following steps:
Step 1: State the Hypothesis
Does the housing in San Diego cost more than the national average? For this example, we have estimated that average housing cost in San Diego to be $300,000. According to the data set, the national average is $221,103. The null hypothesis is San Diego housing is more than or equal to the national average using a confidence level of 95%. The alternative hypothesis is that San Diego housing is not more than the national average...
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