Statistics: the Case of the Riverside County Town

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Case 2: The Case of the Riverside County Town

Objective: To use the statistical data/analysis provided by Fliege & Associates, to make an informed decision in determining which type of property (business) I should have built on recently inherited land in Riverside County California. I will use the descriptive statistical analysis report given on the demographical information for the county, in regards to its population of residents; to compare and contrast to a recent case study involving a similar tract of land in a likewise small community located approximately one hour away in San Diego California.

Initial analysis of age demographics:

|FREQUENCY TABLE | |CLASS (Age in Yrs) |FREQUENCY (Population) |RELATIVE FREQUENCY (% of Population) |CUMMULATIVE FREQUENCY (Cumulative | | | | |Population) | |Lower Limit |Upper Limit | |  |RIVERSIDE |SAN DIEGO |  | |MEDIAN |25.8 |57.2 |Years | | MEAN |30.4 |53.4 |Years | |STD DEV |21.41 |18.81 |Years | |CV |0.7 |0.35 |  | |MINIMUM |1 |1 |Years | |MAXIMUM |80 |80 |Years | |RANGE |79 |79 |Years | |n |814 |280 |  |

- The mean of 30.4 in Riverside County seems to be influenced by the outliers of 24 and 30....
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