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Refer to the Real Estate data, which reports information on homes sold in the Goodyear, Arizona, area during the last year. Prepare a report on the selling prices of the homes. Be sure to answer the following questions in your report.
a. Develop a box plot. Estimate the first and the third quartiles. Are there any outliers?
b. Develop a scatter diagram with price on the vertical axis and the size of the home on the horizontal. Does there seem to be a relationship between these variables? Is the relationship direct or inverse?
c. Develop a scatter diagram with price on the vertical axis and distance from the center of the city on the horizontal axis. Does there seem to be a relationship between these variables? Is the relationship direct or inverse?
Determine if there is evidence to conclude that the mean number of vacations taken by married individuals is less then the number taken by single/divorced individuals using data in Excel file vacation survey.
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The insurance company charges an annual rate of $250 for the collision coverage. What is the expected value of the collision policy holder?
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