GULF Estate case 2

Please provide a Managerial Report that includes:


Appropriate descriptive statistics to summarize each of the
three variables for the forty Gulf View condominiums


Appropriate descriptive statistics to summarize each of the
three variables for the eighteen No-Gulf View condominiums
Comparison of your summary results from #1 & #2. Discuss
any specific statistical results that would help a real estate agent understand
the condominium market.


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.


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:

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?

GULF VIEW CONDOMINIUMS
List Price        Sales Price    Days to Sell
495.0              475.0             130
379.0              350.0              71
529.0              519.0              85
552.5              534.5              95
334.9              334.9              119
550.0              505.0              92
169.9              165.0              197
210.0              210.0              56
975.0              945.0              73
314.0              314.0              126
315.0              305.0              88
885.0              800.0              282
975.0              975.0              100
469.0              445.0              56
329.0              305.0              49
365.0              330.0              48
332.0              312.0              88
520.0              495.0              161
425.0              405.0              149
675.0              669.0              142
409.0              400.0              28
649.0              649.0              29
319.0              305.0             140
425.0              410.0              85
359.0              340.0              107
469.0              449.0              72
895.0              875.0              129
439.0              430.0              160
435.0              400.0              206
235.0              227.0              91
638.0              618.0              100
629.0              600.0              97
329.0              309.0              114
595.0              555.0              45
339.0              315.0             150
215.0              200.0              48
395.0              375.0              135
449.0              425.0              53
499.0              465.0              86
439.0              428.5              158




No Gulf View Condominiums
List Price        Sales Price    Days to Sell
217.0              217.0              182
148.0              135.5              338
186.5              179.0              122
239.0              230.0             150
279.0              267.5              169
215.0              214.0              58
279.0              259.0             110
179.9              176.5             130
149.9              144.9              149
235.0              230.0              114
199.8              192.0              120
210.0              195.0             61
226.0              212.0              146
149.9              146.5              137
160.0              160.0              281
322.0              292.5              63
187.5              179.0              48
247.0              227.0              52

 


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