Producing and Interpreting Descriptive Statistics

1261 words 6 pages
Producing and Interpreting Descriptive Statistics
Lutricia Hunter
Capella University
MBA6018: Data Analysis for Business Decisions
January 18, 2015
Unit 1: Assignment 1

For this practical application assignment, make believe that you are a real estate agent living and working in southern Florida. The senior real estate partner of your firm e-mails you a document containing Florida pool home data, which you've retrieved from the Updates and Handouts section of this unit, and asks you to find ways describe the most important aspects of the home sale data. This technique is called descriptive statistics. The file contains data for 80 properties, including home prices, home sizes, number of bathrooms, niceness ratings, and whether
…show more content…
Price Range
Frequency
$0-$50,000
0
$50,001 - $100,000
0
$100,001 - $150,000
0
$150,001 - $200,000
6
$200,001 - $250,000
35
$250,001 - $300,000
30
$300,001 - $350,000
9
Total
80

Home Price Range Histogram
40

35

30

25

20

15

10

5

0
$0-$50,000
$50,001- $100,000
$100,001-$150,000
$150,0001- $200,000
$200,001- $250,000
$250,001- $300,000
$300,001- $350,000

4. There is a positive relationship between Home Price and Home Size. This scatter plot will show the buyers the range that is expected to sale in the Florida market. I will give the buyers a better idea of what homes are going for and why they are being sold at these

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