Probabilities for various ratios, Business Law and Ethics

Assignment Help:

I am an executive being transferred from my home city on the west coast to one in the Midwest. I know nothing about the city I'm moving to, but I have to buy a house there. Realtors have told me all sorts of things about the area, but I don't trust them. Instead, I had data compiled on housing appraisals and pricing at sale, and the ratios of those two characteristics. It seems to me that the ratio of sale price to appraised price is a good indicator of how desirable a neighborhood is, but it's possible that there is skullduggery going on (crooked appraisers, for example), so I may be wrong in depending too much on this number. I need some guidance from your analysis to know.

I know I can't tell everything about a neighborhood from these numbers, but I'll use them as a starting point. I myself am not well versed in statistical analysis, so I'm hiring you to perform a basic analysis for me. Be assured that my brother-in-law is a stats teacher, so your analysis should be rigorous. But for me, you must write a report that, while it includes all your reasoning and calculations, still has parts that sum up your analysis and your recommendations in simple layman's terms. In the end, I will want your recommendations based on your analysis. I not only want your calculations, but your explanations.

My questions to you are:

  • Out of all the neighborhoods, which one is the most desirable, based on the willingness of buyers to pay over and above the appraisal price? Can you see any other indicators of desirability? You can use one or more methods for figuring out which one is best, just make sure you show me exactly how you calculate each one. Using more than one may be best, just to check yourself, but that's up to you.
  • Are there any neighborhoods with suspicious sales patterns that might reveal shady practices such as redlining (keeping out minorities by refusing to lend in certain places)? Are there any red flags you can see? Are there any irregularities that you think could signal the need for more investigation?
  • If there is one neighborhood you would judge superior, what is the probability that I can bide my time for a while and wait for a listing with a favorable sales ratio? And what are the probabilities for various ratios? In other words, how much over and above appraisal should I expect to pay, based on how badly I want a house? What are the probabilities for the various ratios?
  • What are your recommendations overall?

Related Discussions:- Probabilities for various ratios

Contracts of indemnity, Contracts of Indemnity Indemnity is the undert...

Contracts of Indemnity Indemnity is the undertaking about primary responsibility to see like a certain act is performed there.If a particular contractual promise such constitu

Disadvantages of statute law, Disadvantages of Statute Law: Impositio...

Disadvantages of Statute Law: Imposition of law However some Acts are imposed on the people and reflect the views of the pundits or Executive in the ruling political part

Jurisdiction - court of appeal, Jurisdiction - Court of Appeal Howev...

Jurisdiction - Court of Appeal However S.64 (1) of the Constitution gives that the Court of Appeal 'shall have such jurisdiction and the powers in relative to appeals from t

Parol evidence rule, 1. How do mandatory terms limit freedom of contract? ...

1. How do mandatory terms limit freedom of contract? 2. How do contract interpretation issues arise? 3. What is the difference between subjective and objective intent?   4

What are the functions and powers of the security council, What are the fun...

What are the functions and powers of the Security Council? The functions and powers of the Security Council, which are as follows: • To keep international peace and security

What are intellectual property rights?, Question 1 What are cybercrimes? M...

Question 1 What are cybercrimes? Mention in detail what are considered as cybercrimes Question 2 What are Intellectual Property Rights? Explain in detail Question 3 What

Exceptions - quorum, EXCEPTIONS: A valid meeting may be constituted by...

EXCEPTIONS: A valid meeting may be constituted by the presence of one person in the following cases: (i)  If the meeting is an annual general meeting which was called by, o

Explain abraham maslow''s hierarchy of needs, Question 1 Mention any ten r...

Question 1 Mention any ten recommendations made by the Honey report Question 2 Explain the following Staff and line Span of Control Question 3 Explain A

Account the organisation that you work for and its industry, Suppose your e...

Suppose your employer wanted to include a restraint of trade clause in your employment agreement. Prepare and set out an instance of this clause that would be applicable to you in

Write Your Message!

Captcha
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