MBA 502 Statistics Essay AssignmentOne of the hottest real estate markets during the last real estate boom was in Las Vegas. In this essay
you are to compare housing prices in Las Vegas to nearby Phoenix. The excel file, PhoenixLV has the
necessary data and the file has been posted on blackboard. For three time periods, 1987-1997, 1998-
2007 and 2008 to 2014 you are to do the following analysis.1. Compute the descriptive statistics for each time period for the index.
2. Calculate the growth in the index from beginning of the period to the end of the period.
3. Test the null hypothesis that there is no difference in housing prices between the two areas.
This would be a two tailed test.From your results can you say that housing prices are significantly different in Las Vegas than in Phoenix
during each of these periods? In a 2-3 page essay discuss what happened in the Las Vegas housing
market, particularly during the time period of the real estate boom from 2000-2007 and till the present.
Please use sources from our library databases such as ABI/Inform Global and others.
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