Formulate a numerical and verbal hypothesis statement

Question

Discuss the below:

Formulate both a numerical and verbal hypothesis statement regarding your research issue.

Verbal: The average (mean) cost of a three bedroom home is less than or equal to $250,000.

Null Hypothesis: Ho: u < $200,000

Alternate Hypothesis: Ha u > $200,000

We all know the average cost is probably more that $250K but most researchers set up the null hypothesis to be rejected.

Since three are less than 30 in the sample and the population standard deviation is unknown then we will be using the T-test. The alpha or significance level is .05.

Price	Bedrooms	Size	Pool	Distance	Twnship	Garage	Baths
213.6	2	2200	0	16	2	0	2.5
139.9	2	2100	0	28	1	0	1.5
245.4	2	2100	1	12	1	1	2
271.8	2	2100	0	9	2	1	2.5
209	2	1700	0	8	4	1	1.5
194.4	2	2300	0	11	3	0	2
173.1	2	2200	1	21	5	1	1.5
187	2	1900	0	26	4	0	2
257.2	2	2100	0	9	4	1	2
180.4	2	2000	0	11	5	0	2
234	2	1700	0	19	3	1	2
207.1	2	2000	0	11	5	1	2
177.1	2	1900	0	10	5	1	2
154.3	2	2000	0	13	2	0	2
222.1	2	2100	0	9	5	1	2
294	2	2100	0	13	2	1	2.5
176.3	2	2000	1	17	3	0	2
125	2	1900	0	18	4	0	1.5
192.2	2	2400	0	16	2	0	2.5
125.9	2	2400	0	28	1	0	1.5
220.9	2	2300	1	12	1	1	2
244.6	2	2300	0	9	2	1	2.5
188.1	2	1900	0	8	4	1	1.5
175	2	2500	0	11	3	0	2
242.1	3	2300	0	12	3	0	2
221.1	3	2300	1	18	1	0	1.5
281.3	3	2100	0	16	2	1	2
198.9	3	2200	1	10	4	1	2
233	3	2200	0	14	3	1	1.5
166.2	3	2000	1	16	2	1	2
199.8	3	2100	0	19	3	1	2
206	3	2100	1	9	3	0	1.5
232.2	3	1900	1	16	1	1	1.5
205.1	3	2000	1	20	4	0	2
307.8	3	2400	1	21	2	1	3
224.8	3	2200	0	17	1	1	2.5
171.6	3	2000	1	16	4	0	2
216.8	3	2200	0	15	1	1	2
172.4	3	2200	0	23	3	0	2
251.4	3	1900	0	12	2	1	2
228.4	3	2300	0	17	5	1	1.5
166.5	3	1600	1	19	3	0	2.5
190.9	3	2200	1	18	3	1	2
207.5	3	2100	1	10	2	0	2
224	3	1900	1	6	1	1	2
217.8	3	2500	0	12	3	0	2
199	3	2500	1	18	1	0	1.5
253.2	3	2300	0	16	2	1	2
179	3	2400	1	10	4	1	2
179	3	2400	0	8	4	1	2
263.1	4	2300	1	17	5	1	2
182.4	4	2100	0	19	4	0	2
266.6	4	2400	0	13	4	1	2
292.4	4	2100	0	14	3	1	2
246.1	4	2100	0	18	3	1	2
172.7	4	2200	1	16	3	0	2
252.3	4	2600	0	8	4	1	2
192.9	4	1900	1	14	2	1	2.5
182.7	4	2000	1	14	4	0	2.5
216	4	2300	0	19	2	0	2
198.3	4	2100	1	19	1	1	1.5
175.6	4	2300	1	24	4	1	2
176	4	2200	0	15	1	1	2
189.4	4	2200	0	24	1	1	2
254.3	4	2500	1	15	3	1	2
209.7	4	2200	1	19	2	1	2
236.8	4	2600	1	17	5	1	2
164.1	4	2300	0	19	4	0	2
240	4	2600	0	13	4	1	2
263.2	4	2300	0	14	3	1	2
221.5	4	2300	0	18	3	1	2
155.4	4	2400	1	16	3	0	2
227.1	4	2900	0	8	4	1	2
173.6	4	2100	1	14	2	1	2.5
227.1	4	2900	0	20	5	0	1.5
173.6	4	2100	0	9	4	1	2
207.5	5	2300	1	21	4	0	2.5
209.3	5	2100	0	20	5	0	1.5
247.7	5	2400	0	16	2	1	2
273.2	5	2200	0	16	2	1	3
269.2	5	2200	0	8	5	1	3
236.4	5	2200	0	20	3	1	2
269.9	5	2200	1	11	4	1	2.5
209.7	5	2200	1	13	2	1	2
186.7	5	2500	1	21	4	0	2.5
188.3	5	2300	0	20	5	0	1.5
188.3	5	2300	0	11	5	1	3
327.2	6	2500	0	15	3	1	2
270.8	6	2500	0	7	4	1	2
209.3	6	1900	1	15	4	1	2
326.3	6	2100	0	11	5	1	3
312.1	6	2600	0	7	5	1	2.5
192.6	6	2200	1	14	1	0	2
246	6	2300	0	7	3	1	3
147.4	6	1700	1	12	1	0	2
289.8	6	2000	0	21	3	1	3
294.5	6	2700	0	15	3	1	2
243.7	6	2700	0	7	4	1	2
188.3	6	2100	1	15	4	1	2
293.7	6	2400	0	11	5	1	3
188.3	6	2100	1	14	2	1	2.5
312.1	7	2400	0	13	3	1	3
294.3	7	2400	0	8	4	1	2
345.3	8	2600	0	9	4	1	2
310.8	8	2900	0	9	4	1	2