You have attached in the MS-Excel file data on residential houses; their prices, facilities, locations, etc. The variables are PRICE (Price of each House), POOL (Whether the house has a swimming pool or not. Pool has a value of 1 if the house has a swimmin pool and "0" if the house does not have a swimming pool) DISTANCE (Distance from the City in miles) SIZE (The amount of living space in the house in Square Feet)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 10CYU
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You have attached in the MS-Excel file data on residential houses, their prices, facilities, locations, etc.
The variables are PRICE (Price of each House),
POOL (Whether the house has a swimming pool or not. Pool has a value of 1 if the house has a swimming
pool and "0" if the house does not have a swimming pool)
DISTANCE (Distance from the City in miles)
SIZE (The amount of living space in the house in Square Feet)
YOUR ASSIGNMENT
Sort the data according to and separate houses that have a swimming pool from houses that do not have a
1. Calculate the mean and standard deviations for (Prices, Living Space, and Distance from the City) of
the two categories of houses (Swimming pool vs. no swimming pool)
2. Calculate the Coefficients of Variations comparing the two categories of houses and present your
results in tables and charts. Which category of houses has a wider variation in the values of the
variables that you analyzed?
3. Construct a 97% Confidence Interval Estimate for each of the three variables and use your Confidence
Intervals to compare the two categories of houses
REAL ESTATE.xls
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Transcribed Image Text:6g 00 %24 LU You have attached in the MS-Excel file data on residential houses, their prices, facilities, locations, etc. The variables are PRICE (Price of each House), POOL (Whether the house has a swimming pool or not. Pool has a value of 1 if the house has a swimming pool and "0" if the house does not have a swimming pool) DISTANCE (Distance from the City in miles) SIZE (The amount of living space in the house in Square Feet) YOUR ASSIGNMENT Sort the data according to and separate houses that have a swimming pool from houses that do not have a 1. Calculate the mean and standard deviations for (Prices, Living Space, and Distance from the City) of the two categories of houses (Swimming pool vs. no swimming pool) 2. Calculate the Coefficients of Variations comparing the two categories of houses and present your results in tables and charts. Which category of houses has a wider variation in the values of the variables that you analyzed? 3. Construct a 97% Confidence Interval Estimate for each of the three variables and use your Confidence Intervals to compare the two categories of houses REAL ESTATE.xls REAL ESTATE.xls ASSIGNMENT SUBMISSION nere to search a 48 F Mostly cloudy dy 93 Oly f12 %23 3. 9. 6 R. } 7
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