ScenarioYou have been hired by your regional real estate company to determine if your region’s housing prices and housing square footage are significantlydifferent from those of the na!onal market. The regional sales director has three ques!ons that they want to see addressed in the report:
1. Are housing prices in your regional market higher than the na!onal market average?
2. Is the square footage for homes in your region different than the average square footage for homes in the na!onal market?
3. For your region, what is the range of values for the 95% confidence interval of square footage for homes in your market?