Gulf Real Estate Properties 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. The data are shown in the following table. Gulf View Condominiums No Gulf View Condominiums List Price Sale price Days to Sell List Price Sale Price Days to Sell 495 475 130 217 217 182 350 71 148 85 186.5 95 239 379 529 519 552.5 534.5 135.5 179 230 338 122 150
Gulf Real Estate Properties 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. The data are shown in the following table. Gulf View Condominiums No Gulf View Condominiums List Price Sale price Days to Sell List Price Sale Price Days to Sell 495 475 130 217 217 182 350 71 148 85 186.5 95 239 379 529 519 552.5 534.5 135.5 179 230 338 122 150
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.2: Representing Data
Problem 22PFA
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Step 1: Write the given information.
VIEWStep 2: Summarise variable List price for the 40 Gulf View condominiums.
VIEWStep 3: Summarise variable sale price for the 40 Gulf View condominiums.
VIEWStep 4: Summarise variable days to sale for the 40 Gulf View condominiums.
VIEWStep 5: Determine the descriptive statistics for List price for No Gulf View Condominiums using excel.
VIEWStep 6: Determine the descriptive statistics for Sale price for No Gulf View Condominiums using excel.
VIEWStep 7: Determine the descriptive statistics for Days to sell for No Gulf View Condominiums using excel.
VIEWStep 8: 3. Develop a 95% confidence interval estimate of sales price and number of days to sell
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