For this project I am taking on the role of a Data Scientist with a housing agency in Boston MA, I have been given access to a previous dataset on housing prices derived from the U.S. Census Service to present insights to higher management. Based on my experience in Statistics, I am posed with question question. What information can I provide them to help with making an informed decision? Upper management will like to get some insight into the following.
Is there a significant difference in the median value of houses bounded by the Charles river or not?
Is there a difference in median values of houses of each proportion of owner-occupied units built before 1940?
Can we conclude that there is no relationship between Nitric oxide concentrations and the proportion of non-retail business acres per town?
What is the impact of an additional weighted distance to the five Boston employment centres on the median value of owner-occupied homes?