8 Transforming Data into Evidence (Part 1) ase 1. 8-83. As part of a forensic accounting engagement, you are asked to determine what factors influence the pricing of homes in the local community. Review the data in the following table that has been collected for sales of homes in Fort Wayne, Indiana, for the period from July 31, 2011, to December 31, 2011. The data were collected for the purpose of determining what factors influence the selling price of homes. Based on your review, respond to the following questions: 1. What specific types of data were collected? Are there other data items you might add? 2. How was the data coded? Is the coding consistent? 3. You need to know which specific factors are most important to a home's value. How might you determine this? 4. What types of data sources do you think were used to obtain the information used in this question? \begin{tabular}{|l|l|l|l|l|} \hline 2,25,500 & 2,675 & 5 & 6 & 1,793 \\ \hline 2,60,200 & 2,655 & 10 & 4 & 1,315 \\ \hline 2,36,500 & 2,935 & 3 & 2 & 1,790 \\ \hline 2,20,000 & 2,575 & 6 & 2 & 1,905 \\ \hline 2,10,000 & 2,590 & 6 & 2 & 1,688 \\ \hline 1,98,000 & 2,780 & 2 & 4 & 1,940 \\ \hline 1,73,000 & 1,930 & 15 & 4 & 1,282 \\ \hline 1,62,000 & 1,700 & 20 & 6 & 1,111 \\ \hline 1,50,000 & 1,850 & 16 & 5 & 1,310 \\ \hline 1,41,000 & 1,880 & 20 & 4 & 1,013 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline 1,62,000 & 1,700 & 20 & 4 & 1,111 \\ \hline 1,50,000 & 1,850 & 16 & 6 & 1,310 \\ \hline 1,41,000 & 1,880 & 20 & 5 & 1,013 \\ \hline & Fort Wayne Home Sale Data-July 31 to December 31,2011 (continued) \\ \hline Price & Feet & & & \\ \hline 1,37,000 & 2,150 & Age & 17 & Real Est \\ \hline 1,36,000 & 1,890 & 15 & 7 & Tax \\ \hline 1,29,000 & 1,925 & 8 & 8 & 1,092 \\ \hline 1,27,000 & 1,750 & 9 & 1,213 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline 1,20,000 & 1,650 & 4 & 4 & 963 \\ \hline 1,30,000 & 1,700 & 11 & 7 & 831 \\ \hline 1,10,000 & 1,500 & 15 & 6 & 822 \\ \hline 1,08,000 & 1,400 & 12 & 3 & 805 \\ \hline 1,00,000 & 1,375 & 26 & 3 & 915 \\ \hline \end{tabular} 8 Transforming Data into Evidence (Part 1) ase 1. 8-83. As part of a forensic accounting engagement, you are asked to determine what factors influence the pricing of homes in the local community. Review the data in the following table that has been collected for sales of homes in Fort Wayne, Indiana, for the period from July 31, 2011, to December 31, 2011. The data were collected for the purpose of determining what factors influence the selling price of homes. Based on your review, respond to the following questions: 1. What specific types of data were collected? Are there other data items you might add? 2. How was the data coded? Is the coding consistent? 3. You need to know which specific factors are most important to a home's value. How might you determine this? 4. What types of data sources do you think were used to obtain the information used in this question? \begin{tabular}{|l|l|l|l|l|} \hline 2,25,500 & 2,675 & 5 & 6 & 1,793 \\ \hline 2,60,200 & 2,655 & 10 & 4 & 1,315 \\ \hline 2,36,500 & 2,935 & 3 & 2 & 1,790 \\ \hline 2,20,000 & 2,575 & 6 & 2 & 1,905 \\ \hline 2,10,000 & 2,590 & 6 & 2 & 1,688 \\ \hline 1,98,000 & 2,780 & 2 & 4 & 1,940 \\ \hline 1,73,000 & 1,930 & 15 & 4 & 1,282 \\ \hline 1,62,000 & 1,700 & 20 & 6 & 1,111 \\ \hline 1,50,000 & 1,850 & 16 & 5 & 1,310 \\ \hline 1,41,000 & 1,880 & 20 & 4 & 1,013 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline 1,62,000 & 1,700 & 20 & 4 & 1,111 \\ \hline 1,50,000 & 1,850 & 16 & 6 & 1,310 \\ \hline 1,41,000 & 1,880 & 20 & 5 & 1,013 \\ \hline & Fort Wayne Home Sale Data-July 31 to December 31,2011 (continued) \\ \hline Price & Feet & & & \\ \hline 1,37,000 & 2,150 & Age & 17 & Real Est \\ \hline 1,36,000 & 1,890 & 15 & 7 & Tax \\ \hline 1,29,000 & 1,925 & 8 & 8 & 1,092 \\ \hline 1,27,000 & 1,750 & 9 & 1,213 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline 1,20,000 & 1,650 & 4 & 4 & 963 \\ \hline 1,30,000 & 1,700 & 11 & 7 & 831 \\ \hline 1,10,000 & 1,500 & 15 & 6 & 822 \\ \hline 1,08,000 & 1,400 & 12 & 3 & 805 \\ \hline 1,00,000 & 1,375 & 26 & 3 & 915 \\ \hline \end{tabular}