University:
Southern New Hampshire University
Course:
MAT 240 | Applied Statistics
Academic year:

2022
Views:

341

Pages:

3
Author:

Carina Becker

Report: Selling Price and Area Analysis for D.M. Pan National Real Estate Company Introduction This report is about the relationship between selling price of properties and their square feet. For this analysis the data came from samples of East North Central Representative Data Sample My random sampling is from East North Central, the mean of the median list price for this sample is $209,74, median is 194,945, and standard deviation is 89957.86 and the median square foot variables are 0.591932. Data Analysis This sample is reflective of the national market because all samples came from there for every region and the formula is random. In comparing my date to the national statistics graph I see that though mine was a particular region and this is the country as a whole. Mine is random 30 from my region. I used the random sampling used for Excel that generated my numbers. I followed the examples given to use random sampling. My sample is truly random because I chose the first 30, I saw in the Colum. Scatterplot Chart Title 4000 3500 3000 2500 f(x) = 0 x + 1172.85 R² = 0.57 2000 1500 1000 500 0 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 Selling Price Analysis for D.M. Pan National Real Estate Company 3 My x variable in the scatter plot is price per median and the y is square foot for the region I chose. The y variable will be the most useful in making predictions because the bigger the square foot of the house the more expensive the house will be. The association between x and y shows what house prices are for the regions and the square foot average. Some of the outliers would be the houses that have more than 2500 square feet and cost more than $500,000 These would be mansions and higher end neighborhoods. That is not the norm. If you had a 1,200 square foot house, based on the regression equation in the graph, what price would you choose to list at? Explain. I would list my house at $125,000 price range. Most house seem to be in the 100 to 200, 000 price range for higher square footage.

Selling Price and Area Analysis Report

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