Provide a managerial report - gulf real estate properties

Assignment Help Applied Statistics
Reference no: EM13242801

Gulf Real Estate Properties

Please provide a Managerial Report that includes:

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?

Case Problem:  Gulf Real Estate Properties

2083_Gulf Real Estate Properties.png

Gulf Real Estate Properties, Inc. is a real estate firm located in southwest Florida. The com¬pany, which advertises itself as "expert in the real estate market," monitors condominium sales by collecting data on location, list price, sale price, and number of days it takes to sell each unit. Each condominium is classified as Gulf View if it is located directly on the Gulf of Mexico or No Gulf View if it is located on the bay or a golf course, near but not on the Gulf. Sample data from the Multiple Listing Service in Naples, Florida, provided recent sales data for 40 Gulf View condominiums and 18 No Gulf View condominiums. *Prices are in thousands of dollars. The data are shown in Table.

Reference no: EM13242801

Questions Cloud

Determine what is gallos total labor cost per day : Each worker at Gallo's cork factory costs $12 per hour. The cost of each machine is $20 per day regardless of the number of corks produce.If Gallo's produces at a rate of 70 corks per hour and operates 8 hours per day
Find the total electric force : 3 point charges are placed on the x-y plane: a +50.0 nC charge at the origin, a -50.0 nC charge on the x-axis at 10.0 cm, Find the total electric force on the +150 nC charge due to the other two
By how much has national income-y changed : Assume the government cuts its purchases by $150 billion. As a result, the budget deficit is reduced by $40  billion, private domestic saving decreases by $10 billion, disposable personal income decreases by $80 billion
Experience of war of the young soldiers and the old soldiers : What is the difference between the experience of war of the young soldiers and the old soldiers (19-20; ch. 2)?
Provide a managerial report - gulf real estate properties : Each condominium is classified as Gulf View if it is located directly on the Gulf of Mexico or No Gulf View if it is located on the bay or a golf course, near but not on the Gulf.
A semiannual interest rate swap contractat : On 6/1/2013, you entered into a semiannual interest rate swap contract, where you pay a fixed rate of 6.2% per annum and receive 6-m LIBOR on a principal amount of $1,000,000. Suppose the 6-m LIBOR rates were 5.7% on 6/1/2013 and 6% on 12/1/2013. Wha..
What differences between the british side and german side : What differences between the British side and the German side does Jünger recognize as early as August 1916 (pages 100-101)?
Explain a voltaic cell would cause an increase in potential : Which of the following changes to a voltaic cell would cause an increase in potential (i.e., more positive Ecell)
Calculate the velocity vector as a function of time : A faulty model rocket moves in the xy-plane (the positive y-direction is vertically upward), Calculate the velocity vector as a function of time

Reviews

Write a Review

 

Applied Statistics Questions & Answers

  How many different items can be uniquely numbered

What is the name of the counting rule used to find all the possible outcomes and how many different items can be uniquely numbered?

  Find the probability of drawing a diamond card

Find the probability of drawing a diamond card in each of the consecutive draws from a wellshuffled pack of cards, if the card drawn is not replaced after the first draw.

  Describe the population of interest for the survey

Describe the population of interest for the survey

  Find the correlation coefficient between x and y

Find the equation of the regression line for the given data.  What is the predicted value of Y when X = -2?  What is the predicted value of Y and find the correlation coefficient between X and Y.  Is there a weak or strong, positive or negative corr..

  What is the variable of interest

Explain the methodology you will use to answer the question you posed. Your explanation should include answers to the questions - What is the variable of interest?

  Calculate the total tax bill

Calculate the total tax bill for both low and high income individuals in both countries and fill in the table above with your results and what is the unemployment rate

  Perform a hypothesis testing

The company wants to perform a hypothesis testing. Which of the following are the right hypotheses and what is the α-risk associated with the x' chart?

  Compute the mean and sd of the probability

Compute the mean and SD of the probability of the mean and determine the test statistic

  Evaluate the volumetric flux

Prepare a Scilab script to evaluate the volumetric flux of smoke in a plume produced by a fire of given HRR Q' The plume loses α percent of its heat by radiation and β percent by other means.

  Quantitative analysis

What is the probability of winning a prize in an office sweep

  What is the correlation coefficient

What is the correlation coefficient and do the data provide sufficient evidence to conclude that the number of years of study and test score are linearly positively correlated? Use α = 0.01

  Draw all of venn diagrams

Draw all of Venn Diagrams - Using circle Venn Diagrams and What are all of the subsets of U?

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!

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