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A national homebuilder builds single-family homes and condominium-style townhouses. The accompanying data provides information on the selling price, lot cost, type of home, and region
A national homebuilder builds single-family homes and condominium-style townhouses. The accompanying data provides information on the selling price, lot cost, type of home, and region of the country for closings during one month. Use PivotTables to find the average selling price and lot cost for each type of home in each region of the market. What conclusions might you reach from this information? Click the icon to view the data. Complete the table below for selling price. (Round to the nearest dollar as needed.) Average of Selling Price Total Average of Selling Price Midwest South Single Family Townhouse Grand Total Complete the table below for lot cost. (Round to the nearest dollar as needed.) Average of Lot Cost Total Average of Lot Cost Midwest South Single Family Townhouse Grand Total What conclusions can be reached with this information? OA. The average lot cost tends to be higher in the South than in the Midwest. There is no association between type of house and average selling price or lot cost. B. There is no association between region and average selling price or lot cost. Single-family homes tend to have a higher average selling price than townhouses. C. The average selling price and lot cost tends to be higher in the South than in the Midwest. Single-family homes tend to have a higher average selling price than townhouses. D. The average selling price and lot cost tends to be higher in the Midwest than in the South. Townhouses tend to have a higher average lot cost than single-family homes. House Sales Region Selling Price Lot Cost South Single Family $307,387 $45,850 South Single Family $310,372 $60,000 South Single Family $318,523 $50,000 South Single Family $256,235 $48,500 Midwest Single Family $230,440 $33,000 South Single Family $432,426 $57,422 Midwest Single Family $323,716 $34,500 Midwest Single Family $268,210 $29,700 South Single Family $280,804 $40,667 South Single Family $379,424 $64,902 South Single Family $255,000 $43,198 Midwest Single Family $165,350 $25,000 South Townhouse $267,060 $73,400 South Single Family $252,135 $41,341 Midwest Single Family $277,720 $44,650 South Single Family $234,971 $29,202 Midwest Single Family $153,845 $27,500 South Single Family $340,730 $50,850 South Single Family $337,374 $70,399 Midwest Townhouse $155,870 $24,650 South Single Family $337,380 $49,150 South Single Family $206,400 $35,851 South Single Family $216,049 $35,600 South Single Family $294,990 $57,000
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