QNT 351 Week 2 Descriptive Statistics – Real Estate Data Part 1

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QNT
351 Week 2 Descriptive Statistics – Real Estate Data Part 1

 

 

Search the
Internet for a realty site.

Select a
hometown of someone on your team in the search section on the website you have
chosen. When all of the listings populate, make sure that the sort criteria
reads "New Listings." This ensures that you are searching a random
cross-section of listings rather than favoring one price range.

Review the
new listings that populate.

Create an
Excel® spreadsheet
with 4 columns of the first 100 single family homes listed, not including
condominiums or townhouses.

Include each
of the following categories in the spreadsheet: Property address, listing
price, square footage, and number of bedrooms.

Prepare a
frequency distribution for listing prices, including relative
frequencies. 

Create your
frequency distribution as identified in Chapters 2, 3, and 4. 

Generate a
histogram from your frequency distribution, again making sure you are
consistent with the rules discussed in Chapter 2. 

Summarize your
findings from your frequency distribution and your histogram.

Create either
a pie chart or a bar graph of the number of bedrooms in your 100 homes. 

Evaluate your
visual aid.

Calculate measures
of central tendency for both listing prices and square footages. Those measures
are mean, median, and mode. 

Determine the
quartiles for both listing prices and square footages.

Calculate measures
of dispersion for both listing prices and square footages. Those measures are
range, variance, and standard deviation. 

Apply Chebyshev's
Theorem and the Empirical Rule to both sets of data. 

Compare your
findings with your actual data. 

Conclude whether
Chebyshev's or Empirical Rule is more accurate with each of listing prices and
square footages.

Format your
assignment consistent with APA guidelines.

Click the
Assignment Files tab to submit your assignment.

 
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