User Account

All Pages

Calculate the sample means for each and graphically

Assignment Help Operation Management
Reference no: EM131885127

Question 1

Having completed the first Data Parsing Exercise and participated in class you are now somewhat familiar with Excel's Pivot Tools.

The database contains information on land value, sales price, and sales price compared to land value plus the price of improvement.

You can use this data if you are a realtor, a seller or a buyer. However, each user will have a different question/s that they are looking to the data to answer.

You are to form five questions from one or more of these user perspectives. Using the data as developed through the Excel Pivot Tool find answers.

An example may be "[Buyer] I want to buy a house in a neighborhood where sales price returns the greatest return for the investment in land and improvements?" A realtor may ask. " In what neighborhood am I most likely to earn the greatest commission for selling the houses?"

To develop your questions you will need to research the typical Real Estate market and what each stakeholder is thinking about.

You may collaborate to discuss this assignment however, you must submit your own work.

Question 2

This exercise is designed to for gaining experience in handling data.

Use the SALES PRICE data to create a histogram. A histogram function exists in the ‘Data Analysis' tool pack. If that is not available, you will need to create a frequency chart as has been presented in class.

Given that the distribution of the data is skewed to the right we need to use the central limit theorem concept to demonstrate that sampling will result in a normal distribution of sample means.

Create a column to the left of NBRHOOD and number each record from 1 to 420.

Use the RANDBETWEEN function to create a random starting point in the records for each of five samples of 30 each. Use systematic sampling to create the samples.

Calculate the sample means for each and graphically compare them to the mean for the population.

State whether you think that this exercise validated the Central Limit Theorem? Why or why not?


Attachment:- Parse File Exercise.rar

Reference no: EM131885127

Questions Cloud

Develop a human resources plan for acquiring project : Develop a human resources plan for acquiring a conceptual project staff for the project that you selected.
Compare and contrast with the resources : Please provide the findings of the article you selected, explain what you learned, agree with and disagree with and compare and contrast with the resources
Motivations for pursuing a graduate degree : "Describe your motivations for pursuing a graduate degree at this stage of your professional and personal development.
Explain how creative expression can impact today : Use the insights from the Statue of Liberty to explain how creative expression can impact today's issues.
Calculate the sample means for each and graphically : Calculate the sample means for each and graphically compare them to the mean for the population.
Explain the larger human need to express : I. Explain why you believe humans have a need to express themselves through created artifacts.
Peter manuel understands for creolization : Explain in one paragraph what Peter Manuel understands for Creolization and why some Caribbean countries' cultural
Develop an argument based on quantifiable : Choose a topic that you care about enough to sustain your interest throughout this course.
Determine the tax deductible depreciation : $55,000 equipment is 7-year property in its 5th year of service and was placed into service in the middle of the year, thus using the half-year convention.

Reviews

Write a Review

Operation Management Questions & Answers

  The globe models cross-cultural dimensions

How does the current landscape of global HRM impact HR planning? What are the HRM implications of Hofstede’s, Trompenaars’, and the GLOBE models’ cross-cultural dimensions?

  Definition of communication and media studies

Write your own definition of communication and media studies.

  What is your personal definition of leadership

What is your personal definition of leadership? You may include written text as well as visuals or graphics that help explain this definition. Support this definition from any research you have conducted, information gained from previous classes or s..

  Period time number of waiters and busboys

If Chang’s were able to reduce the number of required waiters and busboys by 1 during some period, during which period should they make the reduction?

  What is the appropriate negotiation strategy

A supervisor in a large accounting firm is scheduled to interview a job candidate who comes highly recommended and has excellent qualifications.

  Burguer design and performance measurement of processes

What changes would you propose to improve the process? THE FAST BURGUER DESIGN AND PERFORMANCE MEASUREMENT OF PROCESSES Two friends want to open a fast food and take away burger. They have been thinking about several outlets in the city and they have..

  What is the breakeven point

Each item is sold to retailers at a price that averages 90 cents. What is the breakeven point?

  Based on guideline rather than policies and procedures

Why was rhe singular methodology based on guideline rather than policies and procedures?

  Examine and compare the costs of the two projects in terms

analyze and compare the costs of the two projects in terms of performance efficiency budget and schedule. make sure to

  Explain what constitutes stakeholder analysis of policy

Explain what constitutes a stakeholder analysis of a policy issue, what lead to the belief the roles selected had an interest in the project.

  Demonstrates that children tend to imitate aggression

Research demonstrates that children tend to imitate aggression which they witness in their homes, on television, or in video games. Knowing this, what can/should parents do?

  Is the contract for the replacement ring valid or void

Betty Tarrant took her diamond ring to Monson, a jeweler, for repairs. When Mrs. Tarrant returned to retrieve the ring, Monson could not find it. After several months of looking, the ring could still not be found. Monson offered to replace the lost r..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd