Discuss the below:
Based on the below data set information, it is required to form a hypothesis statement as outlined below.
1. What data are you going to use? What sections of the data set are you going to use? Make sure it is ratio or interval numerical data you are going to use.
2. What is your research hypothesis statement; provide both numerical and verbal hypothesis statement.
Perform the 5-step hypothesis test on the data.
Legend for data set:
X1: Selling price in dollars
X2: Selling price in thousands of dollars
X3: Age of buyer
X4: 0=Domestic, 1=Imported
80 Autos Sold
| Price |
Price($000) |
Age |
Type |
| 23197 |
23.197 |
46 |
0 |
| 23372 |
23.372 |
48 |
0 |
| 20454 |
20.454 |
40 |
1 |
| 23591 |
23.591 |
40 |
0 |
| 26651 |
26.651 |
46 |
1 |
| 27453 |
27.453 |
37 |
1 |
| 17266 |
17.266 |
32 |
1 |
| 18021 |
18.021 |
29 |
1 |
| 28683 |
28.683 |
38 |
1 |
| 30872 |
30.872 |
43 |
0 |
| 19587 |
19.587 |
32 |
0 |
| 23169 |
23.169 |
47 |
0 |
| 35851 |
35.851 |
56 |
0 |
| 19251 |
19.251 |
42 |
1 |
| 20047 |
20.047 |
28 |
1 |
| 24285 |
24.285 |
56 |
0 |
| 24324 |
24.324 |
50 |
1 |
| 24609 |
24.609 |
31 |
1 |
| 28670 |
28.67 |
51 |
1 |
| 15546 |
15.546 |
26 |
1 |
| 15935 |
15.935 |
25 |
1 |
| 19873 |
19.873 |
45 |
1 |
| 25251 |
25.251 |
56 |
1 |
| 25277 |
25.277 |
47 |
0 |
| 28034 |
28.034 |
38 |
1 |
| 24533 |
24.533 |
51 |
0 |
| 27443 |
27.443 |
39 |
0 |
| 19889 |
19.889 |
44 |
1 |
| 20004 |
20.004 |
46 |
1 |
| 17357 |
17.357 |
28 |
1 |
| 20155 |
20.155 |
33 |
1 |
| 19688 |
19.688 |
35 |
1 |
| 23657 |
23.657 |
35 |
0 |
| 26613 |
26.613 |
42 |
1 |
| 20895 |
20.895 |
35 |
0 |
| 20203 |
20.203 |
36 |
1 |
| 23765 |
23.765 |
48 |
0 |
| 25783 |
25.783 |
53 |
1 |
| 26661 |
26.661 |
46 |
1 |
| 32277 |
32.277 |
55 |
0 |
| 20642 |
20.642 |
39 |
1 |
| 21981 |
21.981 |
43 |
1 |
| 24052 |
24.052 |
56 |
0 |
| 25799 |
25.799 |
44 |
0 |
| 15794 |
15.794 |
30 |
1 |
| 18263 |
18.263 |
39 |
1 |
| 35925 |
35.925 |
53 |
0 |
| 17399 |
17.399 |
29 |
1 |
| 17968 |
17.968 |
30 |
1 |
| 20356 |
20.356 |
44 |
0 |
| 21442 |
21.442 |
41 |
1 |
| 21722 |
21.722 |
41 |
0 |
| 19331 |
19.331 |
35 |
1 |
| 22817 |
22.817 |
51 |
1 |
| 19766 |
19.766 |
44 |
1 |
| 20633 |
20.633 |
51 |
1 |
| 20962 |
20.962 |
49 |
1 |
| 22845 |
22.845 |
41 |
1 |
| 26285 |
26.285 |
44 |
0 |
| 27896 |
27.896 |
37 |
0 |
| 29076 |
29.076 |
42 |
1 |
| 32492 |
32.492 |
51 |
0 |
| 18890 |
18.89 |
31 |
1 |
| 21740 |
21.74 |
39 |
0 |
| 22374 |
22.374 |
53 |
0 |
| 24571 |
24.571 |
55 |
1 |
| 25449 |
25.449 |
40 |
0 |
| 28337 |
28.337 |
46 |
0 |
| 20642 |
20.642 |
35 |
1 |
| 23613 |
23.613 |
47 |
1 |
| 24220 |
24.22 |
58 |
1 |
| 30655 |
30.655 |
51 |
0 |
| 22442 |
22.442 |
41 |
1 |
| 17891 |
17.891 |
33 |
1 |
| 20818 |
20.818 |
46 |
1 |
| 26237 |
26.237 |
47 |
0 |
| 20445 |
20.445 |
34 |
1 |
| 21556 |
21.556 |
43 |
1 |
| 21639 |
21.639 |
37 |
1 |
| 24296 |
24.296 |
47 |
0 |