Standard Deviation and Gulf View Condominiums

Case 2 Gulf Real Estate Properties. Please provide a Managerial Report that includes 1. Appropriate descriptive statistics to restate each of the terce 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 sympathize the condominium market. 4. A 95% confidence interval estimate of the population correspond sales price and population retrieve shape of days to plow for Gulf View condominiums.Also, interpret the results. 5. A 95% confidence interval estimate of the population mean sales price and population mean calculate of days to parcel out 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 se lling 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. victimization 95% confidence, how large should the sample sizes be? GULF VIEW CONDOMINIUMS List scathe Sales Price Days to Sell 95000 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 45 339000 315000 150 15000 200000 48 395000 375000 135 449000 425000 53 499000 465000 86 439000 428500 158 No Gulf View Condominiums List Price Sales Price Days to Sell 217000 217000 182 148000 135500 338 186500 179000 122 239000 230000 150 279000 267500 169 215000 214000 58 279000 259000 110 179900 176500 130 149900 144900 149 235000 230000 114 199800 192000 120 210000 195000 61 226000 212000 146 149900146500 137 160000 160000 281 322000 29250063 187500 179000 48 247000 227000 52 Let me know if you permit any questions Answers (1) Descriptive statistics to summarize each of the three variables for the forty Gulf View condominiumsList Price Sales Price Days to Sell squiffy 474007. 5 Mean 454222. 5 Mean 106 Standard Error 31194. 293 Standard Error 30439. 72954 Standard Error 8. 256078 Median 437000 Median 417500 Median 96 sense modality 975000 mood 305000 Mode 85 Standard Deviation 197290. 03 Standard Deviation 192517. 7534 Standard Deviation 52. 21602 prototype class 3. 892E+10 Sample Variance 37063085378 Sample Variance 2726. 513 Kurtosis 1. 0113289 Kurtosis 1. 183621479 Kurt osis 2. 022026 Skewness 1. 0958146 Skewness 1. 159387914 Skewness 1. 077642 Range 805100 Range 810000 Range 254Minimum 169900 Minimum 165000 Minimum 28 Maximum 975000 Maximum 975000 Maximum 282 affection 18960300 kernel 18168900 Sum 4240 Count 40 Count 40 Count 40 effrontery Level(95. 0%) 63096. 412 Confidence Level(95. 0%) 61570. 16398 Confidence Level(95. 0%) 16. 69949 (2) Descriptive statistics to summarize each of the three variables for the eighteen No-Gulf View condominiums List Price Sales Price Days to Sell Mean 212805. 6 Mean 203188. 9 Mean 135 Standard Error 11536. 51 Standard Error 10345. 38 Standard Error 17. 98402 Median 212500 Median 203500 Median 126Mode 279000 Mode 179000 Mode N/A Standard Deviation 48945. 28 Standard Deviation 43891. 72 Standard Deviation 76. 29972 Sample Variance 2. 4E+09 Sample Variance 1. 93E+09 Sample Variance 5821. 647 Kurtosis -0. 08524 Kurtosis -0. 46407 Kurtosis 2. 215301 Skewness 0. 543955 Skewness 0. 304181 Skewness 1. 36054 7 Range 174000 Range 157000 Range 290 Minimum 148000 Minimum 135500 Minimum 48 Maximum 322000 Maximum 292500 Maximum 338 Sum 3830500 Sum 3657400 Sum 2430 Count 18 Count 18 Count 18 Confidence Level(95. 0%) 24339. 92 Confidence Level(95. 0%) 21826. 4 Confidence Level(95. 0%) 37. 94296 (3) Comparisons The mean sale price of gulf determine condominiums is greater than that of non gulf view condominiums. The mean number of days to sell gulf view condominiums is less tha that of non gulf view condominiums. The variation in the sale prices of gulf view condominiums are more than that of non gulf view condominiums. The variation in the number of days to sell of gulf view condominiums are more than that of non gulf view condominiums. (4) GULF VIEW CONDOMINIUMS 95% confidence interval for population mean sales price is 45422. 5061570. 16 =(392652. 34,515792. 6) 95% confidence interval for population mean days to sell is 10616. 70 =(89. 30,122. 70) (5) NON GULF VIEW CONDOMINIUMS 95% confiden ce interval for population mean sales price is 203188. 9021826. 84=(181362. 05,225015. 73) 95% confidence interval for population mean days to sell is 13537. 94 =(97. 06,172. 94) (6) GULF VIEW CONDOMINIUMS Confidence level = 95% z= 1. 96 s=192517. 75 E=Z*s/vn = 40000 n = (1. 96*192517. 75/40000)2 = 88. 99 The minimum sample size is 90 GULF VIEW CONDOMINIUMS Confidence level = 95% z= 1. 96 s=43891. 72 E=Z*s/vn = 15000 n = (1. 96*43891. 72/15000)2 = 32. 89 The minimum sample size is 33