Managerial Report: Gulf Real Estate Properties
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See the description here. It is case problem #2
APA Styled:
Case 2: Gulf Real Estate Properties p. 324. Please provide a Managerial Report that includes:
Appropriate descriptive statistics to summarize each of the three variables for the forty Gulf View condominiums
Appropriate descriptive statistics to summarize each of the three variables for the eighteen No-Gulf View condominiums
Comparison of your summary results from #1 & #2. Discuss any specific statistical results that would help a real estate agent understand the condominium market.
A 95% confidence interval estimate of the population mean sales price and population mean number of days to sell for Gulf View condominiums. Also, interpret the results.
A 95% confidence interval estimate of the population mean sales price and population mean number of days to sell for Gulf View condominiums. Also, interpret the results.
Also, consider the following scenario and include your responses in your Report:
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 effort of $15,000. Using 95% confidence, how large should the sample sizes be?
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Solution Summary
The solution provides step by step method for the calculation of descriptive statistics and confidence interval. Formula for the calculation and Interpretations of the results are also included.
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