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      MAT123 Spring 2025 Notes



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Project Info
Hi,
      The course outline says you are to "collect data (n=35) and construct 90% CI estimate for mean home cost in Edison NJ" but you do not meet in a class and no data has been supplied for online courses, so, "we punt," and that means much more work for me as it has this whole semester. asquared at MCC
      Because I posted support material for confidence interval and hypothesis testing for last week, you should already have a good idea of what to expect.
      Below are the Rutgers titles from:
The New Jersey MOD IV Historical Database, mod_iv_year: 2024
by Mr. Marc Pfeiffer & Lucas Marxen
that I am considering to use as possible title from which you may choose a project to study.
      As stated last week, the project has two parts: a. a 1-variable statistical analysis (which must also include your choice of statistical illustration) and a hypothesis test (testing a hypothesis of your choice, including alpha, and the type of test you feel appropriate) AND THE TOPIC YOU DID THE 1-VARIABLE ANALYSIS and confidence interval on.
      The course outline requires you to "collect data (n=35) and construct 90% CI estimate for mean home cost in Edison NJ." You will collect data IN THE SPREADSHEET I SUPPLY and construct whatever % confidence interval seems appropriate on whatever topic is listed in the spreadsheet.
      Instead of the department's Friday 4/25 assignment/lab, you will be handing in Part A of the project.
      Sample of confidence interval presentation and also 1-variable statistice notes and ways to produce an illustration are shown below. You are also welcome to use a spreadsheet from a prior class or a web page as found on OMNI.
      I will likely have the spreadsheet by Wednesday. For now make sure you have completed at least your study of confidence interval in the book and with the sources below.
Go with confidence.   Stay safe, A2

Mon, 4/21, 8.4
8.4 Confidence Interval (Home Costs)
a) Students collect data (n=35) and construct 90% CI estimate for mean home cost in Edison NJ
b) Use s as approximation for σ when constructing CI estimate for mean home cost
      See 6 sample confidence intervals below
 
"All of Statistics I in 2.5 Hours" VIDEO
Confidence Intervals begins at (hours:minutes:seconds) 1:46:03
 
"All of Statistics I in 2.5 Hours" WEB PAGE SECTION ON CONFIDENCE INTERVAL
confidence interval
 
THE CONFIDENCE INTERVAL WEB PAGE
just confidence interval
 
sale_price sale_assessment land_value improvement_value net_taxable_value calculated_acreage deed_date_MMDDYY year_constructed 2024 age of property
mean 575960.5007 232842.914 105906.9617 167758.8265 273605.7185 0.630612014 mean 1978 48 mean
st deviation 2343302.537 754037.233 364639.2736 728952.4035 1056278.845 2.950062091 st deviation 48 80 stdev


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