Overview
Managerial Report
1. Use appropriate descriptive statistics to summarize each of the three variables for the 40 Gulf View condominiums.
2. Use appropriate descriptive statistics to summarize each of the three variables for the 18 No Gulf View condominiums.
3. Compare your summary results. Discuss any specific statistical results that would help a real estate agent understand the condominium market.
4. Develop a 95% confidence interval estimate of the population mean sales price and population mean number of days to sell for Gulf View condominiums. Interpret your results.
5. Develop a 95% confidence interval estimate of the population mean sales price and population mean number of days to sell for No Gulf View condominiums. Interpret your results.
6. Assume the branch manager requested estimates of the mean selling price of Gulf View condominiums with a margin of error of $40,000 and the mean selling price of No Gulf View condominiums with a margin of error of $15,000. Using 95% confidence, how large should the sample sizes be?
7. Gulf Real Estate Properties just signed contracts for two new listings: a Gulf View condominium with a list price of $589,000 and a No Gulf View condominium with a list price of $285,000. What is your estimate of the final selling price and number of days required to sell each of these units?
I wasn't sure if you needed this just in case, but this is the text book were using if you need it. Camm, Cochran, Fry, Anderson, Sweeney, Williams.Modern Business Statistics with Microsoft Excel. 8th edition,
2025. Cengage. ISBN: 9780357929940.
Use the methods of descriptive statistics presented in this chapter to summarize the data and comment on your findings. At a minimum, your report should include the following:
- Descriptive statistics on net sales and descriptive statistics on net sales by various classifications of customers.
- Descriptive statistics concerning the relationship between age and net sales