03 May 1. Appropriate Descriptive Statistics To Summarize Each Of The Three Variables For The Forty Gulf View Condominiums …
1. Appropriate descriptive statistics to summarize each of the three variables for the forty Gulf View condominiums 2. Appropriate descriptive statistics to summarize each of the three variables for the eighteen No-Gulf View condominiums 3. Comparison of your summary results from #1 & #2. Discuss any specific statistical results that would help a real estate agent understand the condominium market. 4. A 95% confidence interval estimate of the population mean sales price and population mean number of days to sell for Gulf View condominiums. Also, interpret the results. 5. A 95% confidence interval estimate of the population mean sales price and population mean number of days to sell for No-Gulf View condominiums. Also, interpret the results. Also, consider the following scenario and include your responses in your Report: 6. Assume the branch manager requested estimates of the mean selling price of Gulf View condominiums with a margin of error of $40,000 and the mean selling price of No-Gulf View condominiums with a margin of error of $15,000. Using 95% confidence, how large should the sample sizes be?
TABLE 8.7 SALES DATA FOR GULF REAL ESTATE PROPERTIES Gulf View Condominiums No Gulf View Condominiums List Price Sale Price Days to Sell List Price Sale Price Days to Sell 495 475 130 217 217 182 379 350 71 148 135.5 338 529 519 85 186.5 179 122 552.5 534.5 95 239 230 150 334.9 334.9 119 279 267.5 169 550 505 92 215 214 58 169.9 165 197 279 259 110 210 210 56 179.9 176.5 130 975 945 73 149.9 144.9 149 314 314 126 235 230 114 315 305 88 199.8 192 120 885 800 282 210 195 61 975 975 100 226 212 146 469 445 56 149.9 146.5 137 329 305 49 160 160 281 365 330 48 322 292.5 63 332 312 88 187.5 179 48 520 495 161 247 227 52 425 405 149 675 669 142 409 400 28 649 649 29 319 305 140 425 410 85 359 340 107 469 449 72 895 875 129 439 430 160 435 400 206 235 227 91 638 618 100 629 600 97 329 309 114 595 555 45 339 315 150 215 200 48 395 375 135 449 425 53 499 465 86 439 428.5 158
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