Statistics: the Case of the Riverside County Town

Topics: Old age, Skewness, Retirement Pages: 3 (467 words) Published: February 24, 2013
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....
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • statistic Essay
  • Statistics Essay
  • Statistics Essay
  • statistics Essay
  • Hamilton County Judges Case Research Paper
  • Box Elder County: Community Statistics Essay
  • Essay about Statistics Case Study 1
  • Bayview Statistics Case Essay

Become a StudyMode Member

Sign Up - It's Free