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

Statutory task force on phoenix activity, Q. Statutory task force on phoeni...

Q. Statutory task force on phoenix activity? A long term option could be the establishment of a statutory task force on phoenix activity. This could be supported by all the rel

Requisites of acceptance - rules relating to acceptance, Requisites of Acce...

Requisites of Acceptance - Rules Relating To Acceptance Section number S.17 (2) provides like an acceptance is invalid unless since it complies with the following conditions:

Ethical and professional requirements, It has been said that "auditors cann...

It has been said that "auditors cannot legitimately serve the 'user' public because they are hired and fired by the management of the company being audited. If management does not

Functions and powers of the united nations general assembly, What are the f...

What are the functions and powers of the United Nations General Assembly? The functions and powers of the United Nations General Assembly are as illustrated here: • To see a

Article 33 - pacific settlement of disputes, Article 33 - Pacific settlemen...

Article 33 - Pacific settlement of disputes Article 33 the meaning of Negotiation is the same as in domestic law. It is a preferred mode and third party intervention is not nee

What is the use of self defence, What is the  use of self defence The ...

What is the  use of self defence The controversy regarding the use of self defence is the 'anticipatory self-defence'. Those with a restrictive view state that it no longer e

Intent to defraud the italian creditor, Intent to defraud the Italian credi...

Intent to defraud the Italian creditor: The company owed money to trade creditors and also had outstanding against it a large claim for breach of contract which it disputed (t

Exceptions of merger accounting, Exceptions of Merger accounting: S.56...

Exceptions of Merger accounting: S.56 (1) permits a company to give financial assistance for a purchase of, or subscription for, its shares in the following circumstances:

Write about constitutional validity of the drt act, Question 1 Describe th...

Question 1 Describe the term banking. What are the acceptable businesses for a banking company as per BR Act 1949 Question 2 When is a negotiable apparatus considered as dish

Chartered companies, Chartered Companies: A chartered company is forme...

Chartered Companies: A chartered company is formed when the Queen or King of England issues a charter, or "letters patent", to a group of people who intend to carry on a busin

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