Producing and Interpreting Descriptive Statistics Essay

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 youve 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†¦We look at each data and compare to the median. It is important for the buyer to see what square footage they are getting for the price of the home being sold. The buyer can then compare the standard deviation between the two. 2. In Florida market the average bathrooms in a home are running at 2.6. Realistically we ca assume that most homes in this market have 2.5 bathrooms. The buyer could then assume that each home that they looking at will have 2.5 bathrooms. 3. This histogram shows that homes in the $200,000 range are more likelyShow MoreRelatedThe Relationship Between Oil Prices And Stock Market Returns Date2313 Words   |  10 Pagesprices lead to higher inflation rates. One of the main factors to take into consideration is whether the firm is a producer or consumer of this commodity. Established PNG companies (suppliers) favor higher market prices for the commodity they are producing. Since production costs remain the same throughout the extraction process, higher price will make companies more profitable. 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Its importance has been widely discussed due to the lack of awareness of researchers’ role in knowledge production. çŸ ¥Ã¨ ­ËœÃ§â€Å¸Ã§â€ ¢Ã¦â€" ¹Ã¦ ³â€¢Ã§Å¡â€žÃ¥â€¢ Ã© ¡Å'〠Ã©â€¡ Ã¥Å'â€"ç  â€Ã§ © ¶Ã§Å¡â€žÃ¥â€¢ Ã© ¡Å' The purpose of traditional research has always been finding out the ‘truth’Read MoreThe Effect of Make me Proud! Singapore 2010 Youth Olympic Games on Youth Olympic Games2417 Words   |  10 Pagesusing the PASW statistics 18.0 software. Cronbachs alpha was used to analyse the reliability of each scale. Descriptive statistics was compiled for the demographic of the participants and the mean score of national pride. A paired samples t-test was used to examine the impact of the YOG on national pride. According to Neuman (2006) this clearly illustrates a positivistic approach to research where researchers prefer precise quantitative data and often use surveys and statistic in their studiesRead MoreData Flow Chart5309 Words   |  22 PagesResearch Governance 6. 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