Using the method you used in M4A1 and all the data, run a two-sample t-test for means to…
Using the method you used in M4A1 and all the data, run a two-sample t-test for means to
determine if the difference in mean Home Price for homes with a fireplace and for those without a
fireplace is statistically significant. Do not try to test to see if the difference is the same as the
Angie’s List estimate or the NAR estimate.
Using that information from your t-test, how much does having a fireplace change the value of a home?
How does your estimate of the value of a fireplace from the t-test compare to the surveys discussed
above? What could explain why your “fireplace value” is different than the values reported in the