PLEASE PROVIDE EXCEL FORMULAS FOR THE FOLLOWING: Gulf Real Estate Properties, Inc. is a real estate firm located in southwest Florida. The company, which advertises itself as an expert in the real estate market, monitors condominium sales by collecting data on location, list price, sale price, and the number of days it takes to sell each unit. Each condominium is classified as Gulf View if it is located directly on the Gulf of Mexico, or No Gulf View if it is located on the bay or a golf course (near but not on the Gulf). Sample data from the Multiple Listing Service in Naples, Florida, provided sales data for 40 Gulf View condominiums and 18 No Gulf View condominiums. The complete data set is in the file named Real Estate.

Managerial Report Prepare a report (see below) that summarizes your assessment of the nature of the housing market in southwest Florida. Be sure to include the following seven (7) items in your report.

Descriptive statistics (mean, median, range, and standard deviation) to summarize each of the three variables for the 40 Gulf View condominiums. Are there any outliers in the data set for any of the three variables? If there are any outliers in any category, please list them and state for which category they are an outlier. Describe which method you used to make your determination- and list the excel formulas to find your answers.

Descriptive statistics (mean, median, range, and standard deviation) to summarize each of the three variables for the 18 No Gulf View condominiums. Are there any outliers in the data set for any of the three variables? If there are any outliers in any category, please list them and state for which category they are an outlier. Describe which method you used to make your determination- and list the excel formulas to find your answers.

Compare your summary results from #1 and #2. Discuss any specific statistical results that would help a real estate agent understand the condominium market.

Develop a 95% confidence interval estimate of the population mean sales price and population mean number of days to sell for Gulf View condominiums. Interpret your results and list the excel formulas to find your answers.

Develop a 95% confidence interval estimate of the population mean sales price and population mean number of days to sell for No Gulf View condominiums. Interpret your results and list the excel formulas to find your answers.

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 error of $15,000. Using 95% confidence, how large should the sample sizes be for each?

Gulf Real Estate Properties just signed contracts for two new listings: a Gulf View condominium with a list price of $589,000 and a No Gulf View condominium with a list price of $285,000. What is your estimate of the final selling price (based on the percent difference for the sale and list price) and number of days required to sell each of these units? Please list HOW to find these answers in Excel.

Gulf View Condominiums			No Gulf View Condominiums
List Price	Sale Price	Days to Sell	List Price	Sale Price	Days to Sell
862	799.1	243	167	165.2	160
396	368.7	226	291	283.1	239
611	603.7	263	217	214.2	369
351	335.9	217	275	270.1	103
997	976.1	38	198	195.6	373
744	700.8	52	178	175.7	164
765	748.9	237	274	263.6	214
178	165	196	230	223.6	42
831	782	281	183	177.9	309
309	305	219	164	155.3	143
248	232.6	84	271	267.2	112
417	415.3	125	284	272.1	83
911	865.5	97	184	181.6	243
596	567.4	149	242	239.1	244
792	777	292	278	276.6	341
230	222	278	216	213.2	206
873	855.5	262	258	249.7	262
193	190.5	276	230	218.3	238
151	150.8	263
902	877.6	117
644	598.3	201
302	292.9	130
719	707.5	291
931	900.3	251
901	873.1	83
559	538.9	108
541	523.7	52
219	218.8	148
822	800.6	270
563	527.5	56
505	488.8	45
930	860.3	130
455	425.9	269
803	790.2	259
207	199.8	132
385	368.1	283
795	783.9	32
331	324.7	131
367	348.7	91
278	270.2	234