(A) Develop one business research question

(B) Formulate a research hypothesis to test one population parameter and another to test two (or more) population parameters.

Data Set

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