Our Services

Get 15% Discount on your First Order

[rank_math_breadcrumb]

s r 6

Please post 2 or more peer responses

In the response posts, remember to demonstrate you have read and understood the student’s post by taking their discussion to the next level. Do this by:

· Stating why you agree or disagree with your peers’ conclusions on the significance and importance of the data they selected.

· Sharing other information that this change might suggest about that community.

Please be sure to validate your opinions and ideas with citations and references in APA format.

Estimated time to complete: 2 hours

I chose to compare the values of housing between the years 2020 and 2022 for the city of Deltona in FL. In 2020, most homes (1,304,637) were valued between $200,000 and $299,999, with the average single-family home being $212,446 (“Cost of living in Deltona, Florida,” n.d.). However, in 2022, most homes (1,661, 518) were valued $300,000-$499,999, with the average cost of a singular family home being $307,980 (“Cost of living in Deltona, Florida,” n.d.). Therefore, a single-family home raised about $95,534 between 2020 and 2022.

average value of single-family home for 2020 = average value of single-family home for 2022. In other words, the average value of a singular family home in 2021 may have no effect on the average singular family home of 2022. Therefore, stating that the difference is not significant. 

The housing value between 2020 and 2022 has a possibility of being significantly different. Many of the homes were valued between $300,000 and $499,999 in 2022 which raised significantly from the max value of $299,999 in 2020. Thus, causing an increased variability of about $200,000 between 2020 and 2022. The null hypothesis would compare the average values of the homes between 2020 and 2022 to test the significance of the values. After data collection is complete, hypothesis testing takes your sample data and evaluates how consistent they are with the null hypothesis. The p-value is a crucial part of the statistical results because it quantifies how strongly the sample data contradict the null hypothesis. When the p-value is less than or equal to your significance level you reject the null hypothesis. On the other hand, when the p-value is greater than your significance level, you fail to reject the null hypothesis (Frost, 2022).

When discussing monetarily value this difference is important as it effects the housing opportunities for individuals.  This can cause a domino effect within the community. Higher home cost hinders homeownership among the lower- and middle-income households also increasing rent obligations for those unable to afford buying. If housing accounts for greater share of house income, households will have less to spend on other goods. Therefore, effecting the demand for consumer goods within the community. With a decreased demand for consumer goods, job availability also becomes a concern. One singular issue has now created many other factors impeding economic growth for the community. The economy as a whole would be more productive if housing costs did not act as a significant distortion affecting where people choose to live and work (Hedlund, 2023).

 

 

References

Cost of living in Deltona, Florida (average prices in Deltona 2024). Dwellics. (n.d.).  

Frost, J. (2022). Null hypothesis: Definition, rejecting & examples. Statistics By Jim.

hypothesis/

Hedlund, A. (2023). Housing affordability – trends, consequences, and policies. The CGO.

affordability-trends-consequences-and-policies/

The characteristics that I picked was analyzing the economical stability in Wisconsin. To specify I compared the employment in Wisconsin. In doing so I utilized the US Census and selected economic characteristics. Starting with the data for the year 2010 and comparing it with the data from 2019. This allowed an examination for the changes in employment rates over nine years. I noticed the employment rates in Wisconsin for 2010 and 2019 were listed on the DP03 form. In 2010, the ACS data stated that the employment rate in Wisconsin was approximately 64.4%. While in 2019, this rate had decreased slightly to 64.0%. This change represents a slight decrease of .4 percentage points over the nine years of comparison. This dataset was picked because, during the Great Recession there was the most important macroeconomic shock to the United States’ economy in generations (Shambaugh, J. 2021). The overall recovery of the Great Recession was slow because of how deeply the recession affected society and the economy. 

Was there a difference in the values of your variable? 

Yes, there was a slight difference in the values of the variables by .4%.

How would you write the null hypothesis if you wanted to test the differences statistically?

The null hypothesis would be written as; 
There is no significant difference in the values of the variable between the two groups.

Does the difference appear to be a significant one? How would you substantiate that?

To determine if the difference is significant, a statistical test would be performed. For example, a t-test or ANOVA. If the p-value is less than the significance level (commonly 0.05), the null hypothesis would be rejected. Which would indicate that the difference is statistically significant.

Is the difference important?

The importance of the difference depends on the context and the variable in question. An example of this would be if the variable is related to health outcomes, even a small difference could be important.

What are the consequences of the change in your values for your community? For example, a significant increase in the number of women never married could affect the birth rate.  It could also mean more women are attending college and becoming self-sufficient. 

The consequences of the change in values for the community could vary. For example, if the variable is the number of women never married, a significant increase could lead to a lower birth rate and potentially more women pursuing higher education and becoming self-sufficient. This could have broad social and economic impacts, such as changes in workforce demographics and shifts in family structures. Education provides the aim of this research is to explore educational and other environmental, economic and social determinants on poverty (Liu et al., 2021). With that said, stressing the importance of education as it reduces the level of poverty and the role of higher education is seemingly more important in closing the gap of poverty and unemployment.  

References

Liu, F., Li, L., Zhang, Y., Ngo, Q. T., & Iqbal, W. (2021). Role of education in poverty reduction: macroeconomic and social determinants form developing economies. Environmental Science and Pollution Research, 28, 63163-63177. 

to an external site.

Shambaugh, J. C., & Strain, M. R. (2021). The recovery from the Great Recession: A long, evolving expansion. The ANNALS of the American Academy of Political and Social Science, 695(1), 28-48. 

to an external site.

Edited by 

Laura Syverson
 on Jun 11 at 10:21am

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Mathematical Statistics W3

Using Excel to Calculate Factorials, Permutations, and Combinations In this week’s assignment, we will learn how to use Excel to calculate factorials, permutations and combinations. A resource to Section 4-4 of  Stats Video Collection  Assignment View the video and then complete the following tasks in a blank Excel worksheet.  4-4

MATHHH

Forum 2 (Week 2): Historical Mathematician (CA Group) Choose one Historical Mathematician and discuss the contributions of that man or woman. You could choose to consider: ways in which this person changed the world through mathematics, particular challenges that they faced, ways in which faith and religion impacted his/her life

MATHHH

WEEK 1 MATH102 Scripture contains a variety of interesting material involving numbers. Here are a few examples: (a) The approximation of Pi in the Old Testament. (b) The symbolism of special numbers; for example, 1, 3, 7, 12, and 144,000. (c) Hebrew and Greek representation of numbers and their translation

College Algebra

Must follow grading rubric. Probability Report Worksheet Directions: Complete the probability report worksheet to help you with your calculations to create the APA report. 1. Choose one of the three scenarios: a. Probability of obtaining heads on a coin toss b. Probability of rolling a 2 on a 6-sided die.

worksheet

  Identification of Methods and Interpretation of Results

Journal post

Help organizing my thoughts IHP 340 Module Five Short Paper Guidelines and Rubric Overview This short paper assignment will help you understand hypothesis testing and its relationship to research questions. Prompt Read the short paper scenario below and answer the questions using the scenario and what you have learned in

Milestone 2

Help understand statistic milestones IHP 340 Milestone Two Guidelines and Rubric Overview In Milestone Two, you will continue composing your final project by adding additional information on research methods and key findings. Prompt For this milestone assignment, address the following in the article you have selected for the final project:

Mathematics homework help

I need support with a math question. I will attach the document for review.  Borough of Manhattan Community College Mathematics Department Name___________________________ Instructor L. Erstenyuk Date ___________________________ MAT 216-_____________ EXAM 1 REVIEW Instructions. Show all steps and label answers. Papers will be graded on clarity, neatness and organization as well

Math 1342 excel spresdsheet

Can anyone help with excel and statistic? 1. Top of Form Again, you will use the student survey from the Excel spreadsheet given at the beginning of the course:  MATH 1342 Database.xlsx Find two free cells in the spreadsheet to enter the appropriate formulas to find the mean and standard deviation

Operations Management: Process Selection and Cost Analysis

I’m currently working on an assignment for my Operations Management course and need assistance with process selection based on cost analysis. Scenario: A company is evaluating two production processes for a new product: Process A: Fixed Costs = $50,000; Variable Cost per Unit = $10   Process B: Fixed Costs

MA 2025 MOD 6 ASSN

  For this assignment, you will utilize statistical technology to work with a series of datasets. You are welcome to use the technology of your choice including Excel, Desmos, and Google Sheets.  Please follow the instructions below. Once you have completed the assignment, submit your completed document (in .docx or

College Algebra

Must follow grading Rubic Financial Report Worksheet Directions: Complete the financial report worksheet to help you with your calculations to create the APA report. 1. Go to your financial institution’s website or a local financial institution’s website and find the interest rate and compounding frequency (monthly, quarterly, annually, and so

Mathematics Major Assignment

This assignment uses a scoring guide. Review the scoring guide on the first tab of the spreadsheet prior to beginning the assignment to become familiar with the expectations for successful completion. 

frequency table and pie chart help?

You should have many more colors and the frequencies should be based on what you count (for each color) from the main  spreadsheet that I provided. Once completed, highlight all of the cells of your completed frequency table, by selecting and dragging your pointer through all of the cells. Select

MA 2025 MOD 5 ASSN

  Overview: For this assignment, you will utilize statistical technology to work with a series of datasets. You are welcome to use the technology of your choice including Excel, Desmos, and Google Sheets.  Please follow the instructions below. Once you have completed the assignment, submit your completed document (in .docx

How do I dispute with Expedia??

  To dispute an issue with Expedia, contact their customer service at + (1) ⇉ 877 ⇉ (567) ⇉ 9375 (OTA) or + (1) ⇋ 877 ⇋ (398) ⇋ 1026. Provide detailed information about the problem and your desired resolution. If the dispute isn’t resolved, escalate the matter by requesting

How to make a complaint against Expedia?

  To file a complaint against Expedia, contact Customer Support via phone at +1+877+567+9375 or +1+877+398+1026, chat, or email, and provide detailed information about your issue. If the matter remains unresolved, you can escalate through social media or file a complaint with the Better Business Bureau (BBB) .+ or  +1::877::567::9375