Selling Price and Area Analysis for D.M. Pan National Real Estate Company
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Report: Selling Price and Area Analysis for D.M. Pan National Real Estate Company
Introduction
This report has been prepared to analyze the relationship between the selling price of properties versus their square footage within a particular region of the United States. Generate a Representative Sample of the Data
I selected the East South-Central region to use for analyzation. The mean home listing price for this region is $282,773. The median home listing price for this region is $260,250. The standard deviation of the listing price is 116,306.08. The mean square footage for this region is 2,410. The median square footage of this region is 2,188. The standard deviation of the square footage of homes for this region is 1059.26.
Analyze Your Sample
The mean home listing price found among the national average is $342,365 and the mean
home listing for the east south-central region is $282,773, so looking at the south-central region you can see that the level of home listing prices is lower than the national average. The median home listing price among the national average is $318,000 and for the east south-central region the listing price is $260,250, which is also lower than the national average. The standard deviation on the national level is 125,914 and the standard deviation found in the east south-
central region is 116,306.08. The data for the east south-central region may fall below the national averages but the data is within close enough relativity to be a good representation between the two different data sets. To obtain a fully random sample from the region that I selected, I had to first remove any data that was irrelevant to my region. After removing any irrelevant data, I used the random feature within Microsoft Excel. The software generated a random number for each county’s
