Producing and Interpreting Descriptive Statistics Essay

This approach, like the name implies, entails comparing your property to the sale of comparable properties in your market area. Adjusting for differences (such as numbers of bathrooms) by adding (or subtracting) the approximate value of the differences to the sale price, you can get an indication of what your property might sell for.

For the Descriptive Statistics report the mean and standard deviation for the price of the houses for each of the 3 locations.

Drinking age is not a strange phrase in our lives. Every time when we go to club or buy some liquor, we have to show our photo ID to prove that we have already 21 and we are legal to drink wine. I think this is a really good method to control drinking problem. Before I read these two articles which are “The 21-Year-Old Drinking Age: I Voted for it, It Doesn’t Work” by Dr. Morris E. Chafetz and “The Drinking Age of 21 Saves Lives” by Toben F. Nelson and Traci L. Toomey, I only felt that when people grow up they will have self-control to hold their desire for drinking and could decide whether it is appropriate to drink at that moment. I didn’t collect any data or information to support my opinion,

In this paper I will analyze two articles, one is quantitative and the other is qualitative. I will describe the quantitative methods used including the research question addressed, the hypothesis, and variables. I will identify the population and sample. I will discuss the reliability and validity of the instruments used. I will then discuss the design of the article and how the findings were analyzed. For the qualitative article, I will identify the design of the article, the methods used and the strategies used for analyzing the data. Lastly, I will look at the implications for practice in the qualitative article, discuss other journals that might be interested in publishing the article and discuss how this article might

For this assignment we needed to compute the mean, median, and mode for five quantitative variables. The five that were computed in this assignment were number of total prior arrests, number of prior misdemeanors, number of total prior convictions, number of prior felony arrests, and number of drug convictions. The mean is defined as the average in a group of numbers, the median is the middle number in a group, and the mode is the most frequently occurring number in the group.

Identify and use at least two appropriate statistical analysis techniques (such as conversion of leads to sales, correlations between variables, measures of central tendency, time series analysis, etc.) to identify market trends and development based on the data that you have collected. Your report should describe why you selected the statistical analysis techniques to identify market trends and developments.

A closer scrutiny of the market was done by pulling three sales of homes closely comparable to the subject in terms of overall quality grade and the size of above grade living area (see County sales grid). The comps were sold in the range of $770,000 to $900,000. The subject is relatively inferior to comp #1 in terms of size of above grade living area and superior to comp #2 in terms of overall quality grade.

A) Compute the mean and the standard deviation of the distribution of the selling prices for the homes. Assume

the correlation is 0.668; the equation of regression is CREDITS=11.7475*AGE-174.356; the slope is 11.7475 which is positive; when the predictor variable AGE increase, the response variable CREDITS also strongly increase; for instance, when AGE increase by 1, the CREDITS will increase 11.7475. There are some outliers may affect the correlation. Based on the graphs and data above, we can find out a student who is older with a litter lower GPA, but has very higher credits; the student with higher credits also has high GPA.

Every individual whether they are aware of it or not, base their decision-making on some form of statistical data. Simple everyday decisions are made through rationalizing a problem or opportunity, forming a hypothesis, analyzing information, and determining a decision based on the gathered information. For the purpose of practicality, Team A has chosen real estate market data gathered from the website for the Statistical Techniques in Business and Economics (2008) textbook to formulate and define a chosen problem, attempt to delineate the purpose of the research into the variables that affect

Gulf Real Estate Properties, Inc., is a real estate firm located in southwest Florida. The company, which advertises itself as “expert in the real estate market,” monitors condominium sales by collecting data on location, list price, sale price, and number of days it takes to sell each unit. Each condominium is classified as Gulf View if it is located directly on the Gulf of Mexico or No Gulf View if it is located on the bay or a golf course, near but not on the Gulf. Sample data from the Multiple Listing Service in Naples, Florida, provided recent sales data for 40 Gulf View condominiums and 18 No Gulf View condominiums. Prices are in thousands of dollars.

number 23 out of 30 top salaries in the league, they also had 96 wins

a) Develop a 99 percent confidence interval for the mean selling price of the home.

The behavior was observed from a large sample of people. This included twenty people shopping alone and twenty people shopping in a group, for a total of forty subjects, each ranging in ages from approximately 19 to 40 years old. The subjects were observed from the time they entered the store until the time they left. The reasoning behind this was to see the buying behavior differences for the whole experience and figure out which areas of the store could be improved in order to appeal to groups of people shopping. The behaviors observed included the amount of time spent inside the store, the amount of money spent, the interactions with associates, and the areas of the stores that were navigated.

The objective of this chapter is to describe the procedures used in the analysis of the data and present the main findings. It also presents the different tests performed to help choose the appropriate model for the study. The chapter concludes by providing thorough statistical interpretation of the findings.