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Standard Deviation and Gulf View Condominiums

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Standard Deviation and Gulf View Condominiums
Case 2: 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 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 effort of $15,000. Using 95% confidence, how large should the sample sizes be?

GULF VIEW CONDOMINIUMS
List Price Sales Price Days to Sell
495000 475000 130
379000 350000 71
529000 519000 85
552500 534500 95
334900 334900 119
550000 505000 92
169900 165000 197
210000 210000 56
975000 945000 73
314000 314000 126
315000 305000 88
885000 800000 282
975000 975000 100
469000 445000 56
329000 305000 49
365000 330000 48
332000 312000 88
520000 495000 161
425000 405000 149
675000 669000 142
409000 400000 28
649000 649000 29
319000 305000 140
425000 410000 85
359000 340000 107
469000 449000 72
895000 875000 129
439000 430000 160
435000 400000 206
235000 227000 91
638000 618000 100
629000 600000 97
329000 309000 114
595000 555000
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