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Posted: **Mon May 09, 2022 12:02 pm**

: 15 Commercial Real Estate Prices And Rental Rates Suffered Substantial Declines In 2008 And 2009 Newsweek July 27 20 1 (23.98 KiB) Viewed 37 times

: 15 Commercial Real Estate Prices And Rental Rates Suffered Substantial Declines In 2008 And 2009 Newsweek July 27 20 2 (23.98 KiB) Viewed 37 times

: 15 Commercial Real Estate Prices And Rental Rates Suffered Substantial Declines In 2008 And 2009 Newsweek July 27 20 3 (18.97 KiB) Viewed 37 times

15. Commercial real estate prices and rental rates suffered substantial declines in 2008 and 2009 (Newsweek, July 27, 2009). These declines were particularly severe in Asia; annual lease rates in Tokyo, Hong Kong, and Singapore declined by 40% or more. Even with such large declines, annual lease rates in Asia were still higher than those in many cities in Europe. Annual lease rates for a sample of 30 commercial properties in Hong Kong showed a mean of $1,114 per square meter with a standard deviation of $230,

Annual lease rates for a sample of 40 commercial properties in Paris showed a mean lease rate of $989 per square meter with a standard deviation of $195. On the basis of the sample results, can we conclude that the mean annual lease rate is higher in Hong Kong than in Paris? Develop appropriate null and alternative hypotheses. bUse a = .01. What is your conclusion?