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
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.
|
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
|