excel

Assessing the Value of Information Recently, Santa Fe, New Mexico, was named one of the safest places to live in the United States. Sire then. housing development projects have been springing up all around Santa Fe. Six housing derer ment projects are currently dominating the local market: Pinon Pine, ancho Hondo, Creek Side, Visa Del Monte, Forest View, and Santa Fe South. These six projects each started with 100 homes. hare sold all of them, and are currently developing phase two. As one of the three partners and real estate agents of Affordable Homes Real Estate, you are respons: ble for analyzing the information concerning the past 600 home sales and choosing which development project to focus on for selling homes in phase two. Because your real estate firm is so small, you and your partners have decided that the firm should focus on selling homes in only one of the development projects. From the New Mexico Real Estate Association, you have obtained a spreadsheet file that contains information concerning each of the sales for the first 600 homes. It contains the following fields: The following numbers have been assigned to each of the housing development projects: You do not know how many other real estate firms will also be competing for sales in each of the housing development projects. Phase two for each housing development project will develop homes similar in style, price, and square footage to their respective first phases. As you consider the information provided to you, think in terms of what information is important and what information is not important. It is your responsibility to analyze the sales list and prepare a short analysis that details which housing development project your real estate firm should focus on. Upon completion of your calculations using the attached "M1_AYK_Value of Info.xIsx" data file, please provide a concise analysis that justifies your decision. 1. In the document you will go to the Final worksheet to complete the calculations. 2. You will notice that the Tan boxes are an example, but the yellow boxes are where you need to complete your calculations. - You will use cell references to the Pivot Table and mathmatical formulas to complete the calculations. 3. Please note: Use 7% as the commission amount. M1_AYK_Value of Info:xlsx \begin{tabular}{|l|l|c|c|c|c|c|c|c|} \hline 2 & & 23 & 47 & 61 & 78 & 92 & 97 \\ \hline 3 & AVERAGE ASK PRICE & & $82,844 & & & & \\ \hline 4 & AVERAGE SELL PRICE & & $80,374 & & & & \\ \hline 5 & AVERAGE COMMISSION & & $5,626 & & & & \\ \hline 6 & AVERAGE DAYS TO SALE & & 78 & & & & \\ \hline 7 & AVERAGE COMMISSION PER DAY & & $72 & & & & \\ \hline 8 & & & & & \end{tabular} Assessing the Value of Information Recently, Santa Fe, New Mexico, was named one of the safest places to live in the United States. Sire then. housing development projects have been springing up all around Santa Fe. Six housing derer ment projects are currently dominating the local market: Pinon Pine, ancho Hondo, Creek Side, Visa Del Monte, Forest View, and Santa Fe South. These six projects each started with 100 homes. hare sold all of them, and are currently developing phase two. As one of the three partners and real estate agents of Affordable Homes Real Estate, you are respons: ble for analyzing the information concerning the past 600 home sales and choosing which development project to focus on for selling homes in phase two. Because your real estate firm is so small, you and your partners have decided that the firm should focus on selling homes in only one of the development projects. From the New Mexico Real Estate Association, you have obtained a spreadsheet file that contains information concerning each of the sales for the first 600 homes. It contains the following fields: The following numbers have been assigned to each of the housing development projects: You do not know how many other real estate firms will also be competing for sales in each of the housing development projects. Phase two for each housing development project will develop homes similar in style, price, and square footage to their respective first phases. As you consider the information provided to you, think in terms of what information is important and what information is not important. It is your responsibility to analyze the sales list and prepare a short analysis that details which housing development project your real estate firm should focus on. Upon completion of your calculations using the attached "M1_AYK_Value of Info.xIsx" data file, please provide a concise analysis that justifies your decision. 1. In the document you will go to the Final worksheet to complete the calculations. 2. You will notice that the Tan boxes are an example, but the yellow boxes are where you need to complete your calculations. - You will use cell references to the Pivot Table and mathmatical formulas to complete the calculations. 3. Please note: Use 7% as the commission amount. M1_AYK_Value of Info:xlsx \begin{tabular}{|l|l|c|c|c|c|c|c|c|} \hline 2 & & 23 & 47 & 61 & 78 & 92 & 97 \\ \hline 3 & AVERAGE ASK PRICE & & $82,844 & & & & \\ \hline 4 & AVERAGE SELL PRICE & & $80,374 & & & & \\ \hline 5 & AVERAGE COMMISSION & & $5,626 & & & & \\ \hline 6 & AVERAGE DAYS TO SALE & & 78 & & & & \\ \hline 7 & AVERAGE COMMISSION PER DAY & & $72 & & & & \\ \hline 8 & & & & & \end{tabular}